A homebuyer in Bengaluru has taken an unconventional step by approaching the Human Rights Commission for relief after facing multiple delays in the handover of their flat, despite multiple KRERA regulations being in place.
Bengaluru Real EstateBuilder DelaysHuman Rights CommissionKreraKreatReal EstateDec 19, 2024
The Human Rights Commission is primarily tasked with protecting and promoting human rights. While it is not a conventional forum for real estate disputes, it can be approached if the delay in property handover is seen as a violation of the right to a habitable home.
KRERA stands for Karnataka Real Estate Regulatory Authority. It was established to regulate the real estate sector in Karnataka, ensuring transparency, accountability, and timely completion of projects.
Common reasons for delays include financial mismanagement, delays in obtaining clearances, and poor project planning.
Homebuyers can approach regulatory bodies like KRERA, file complaints, and in some cases, even consider unconventional legal avenues like the Human Rights Commission.
Yes, the Karnataka government has announced plans to strengthen the regulatory framework for the real estate sector, including stricter penalties for builders who fail to meet project deadlines.
Paradigm Realty has signed a massive agreement worth Rs 45 billion to redevelop 11 housing societies in Mumbai's suburbs.
The Maha Vikas Aghadi's proposed 50% housing quota for Marathi Manoos has sparked debate in the real estate industry.
PNB Housing Finance shares declined over 2% amid heavy trading volume following reports of Carlyle Group's plan to offload a 12.8% stake in the company.
Pune: The Maharashtra Real Estate Regulatory Authority (MahaRERA) is taking a proactive step to enhance property recovery efforts in Pune and Mumbai by enlisting the help of retired tehsildars. This move is expected to streamline the process and ensure be
This week, several Indian startups secured significant funding and witnessed strategic acquisitions. Notable mentions include real estate platform SILA, deeptech firm Zuppa, and quick commerce platform KiranaPro.
The Saudi Arabian stock market closed higher on a strong showing from key sectors, with the Tadawul All Share Index rising by 1.09%. Notably, Saudi Research and Marketing Group and Banan Real Estate Company were among the top gainers.