Skip to main content

Implement RERA in Karnataka, say home buyers

Implement RERA in Karnataka, say home buyers


BENGALURU: A forum of home buyers, Fight for RERA, staged a protest at Town Hall on Sunday demanding that the state government implement the Real Estate (Regulation and Development) Act, 2016.
The Karnataka government is yet to frame the rules for the Act, without which it cannot be implemented.
While as many as 13 states in the country have implemented RERA, there has been a delay in the state. Apart from finalising the rules at the earliest, members of the forum have insisted that the government should not dilute the Act and include all ongoing projects as part of the rules.  M S Shankar, Convener, Fight for RERA—Karnataka Chapter said, “The forum is requesting the state government to come out immediately with undiluted RERA rules and appoint unbiased Regulatory Authority to take forward implementation of RERA in Karnataka and consider all our demands.”
Some of the demands placed by the forum includes— physical handover of the apartment should be given along with all the amenities as promised at the time of sale in accordance with the project details etc.



Comments

Popular posts from this blog

Points To Remember Before And After Buying A Property

Points To Remember Before And After Buying A Property Points To Remember Before And After Buying A Property As is obvious from the title, our attempt here is to make our readers aware of the things they should look into before buying a property, and equally important, what they should remember after they buy the property. Let us jump straight to the first part of the subject, “Points To Remember Before Buying A Property”. Whether you are buying a property for investment purpose or for own stay,  it needs to go through certain evaluations and checks to mitigate any possible risk before one takes the final call. We hope the points discussed in this article, would benefit you in making your next purchase. Purpose of Buying:  Even before you start your search for a suitable property, you need to have absolute clarity as to the purpose of your purchase. Your criteria for evaluation and comparison changes based on your purpose, be it for own use, or for renting or...

Store your property documents online- Top 3 benefits of moving to a Digital Platform

Store your property documents online- Top 3 benefits of moving to a Digital Platform Store your property documents online- Top 3 benefits of moving to a Digital Platform BENEFIT #1: Quick and Easy Access Have you wasted hours trying to find the one document you need? Searching for documents through a library of file cabinets is tedious and involves a lot of energy. On the other hand, documents stored digitally can be easily tracked and retrieved immediately during an emergency. Digitized documents can also be shared with anyone who needs it in real-time, which is usually not possible with the paper documents. BENEFIT #2: Enhanced Security and Greater Reliability Who can you turn to for help and aid, if your property papers have been misplaced, lost or stolen? Property documents are important and having adequate security and control is imperative. Hard copies have a high probability of being damaged either by a flood, fire outbreak, or any other  force ma...

Which is a Better Investment: Real Estate Or Stocks?

Which is a Better Investment: Real Estate Or Stocks? Work and save aggressively, knowing that a life without the worries of money is a good life! There’s always a long standing debate among investors on whether property makes a better investment proposition to shares. There’s no denying that the stock market historically outperforms other types of investments. And if you have to choose between investing in real estate and stocks, it might seem like a no brainier. Some people think the stock market is the better alternative because the real estate market is unstable at its best. There’s no guarantee that property values will appreciate from year to year and when home price gains slow or decline, investors take a serious hit. The stock market isn’t much better, it’s known for its volatility and there are unpredictable ups and downs. Without doubt, stock market investing offers an unparalleled ease. You can invest in stocks with as less as Rs 500. It can be done i...