Karnataka RERA orders homebuyers to takeover and complete Bengaluru project
Thu, Feb 29, 2024 5:35 PM

Karnataka RERA orders homebuyers to takeover and complete Bengaluru project

A Flip by Shubhangi Gupta
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In a rare case, Karnataka's real estate regulator has ordered homebuyers to take over a delayed luxury villa project from the developer and complete the construction. Invoking section 8 of the RERA Act, which allows resident welfare associations to take over a project, the KRERA noted that the developer, LGCL Urban Homes LLP, has failed to hand over possession even after 10 years.

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