Rera: Karnataka RERA Issues ₹707 Crore Recovery Orders Amid Project Delays | Bengaluru News

Rera: Karnataka RERA Issues ₹707 Crore Recovery Orders Amid Project Delays | Bengaluru News



Homebuyers in Bengaluru, including Sudhakar Lakshmanaraja, are facing financial strain due to delayed projects, with many still incomplete despite promises made. The Karnataka Real Estate Regulatory Authority (K-Rera) has issued recovery orders worth over Rs 707 crore in 1,539 cases, but only Rs 79 crore has been recovered so far. There are concerns about the effectiveness of the recovery process, with calls for a special revenue recovery officer to be appointed within K-Rera. Homebuyers are urging for faster execution of Rera orders to ensure they receive justice and compensation for their investments.





source


Discover more from GLOBALMALAYALAM.NEWS

Subscribe to get the latest posts sent to your email.

Leave a Reply

Your email address will not be published. Required fields are marked *

Discover more from GLOBALMALAYALAM.NEWS

Subscribe now to keep reading and get access to the full archive.

Continue reading