Karnataka's real estate sector is grappling with over 2,630 delayed projects, according to the Karnataka Real Estate Regulatory Authority (KRERA). Experts urge buyers to verify the validity of projects before investing.
Real EstateKarnatakaDelayed ProjectsKreraHomebuyersReal EstateApr 01, 2025
The main causes of delayed real estate projects in Karnataka include financial constraints, regulatory hurdles, and mismanagement by developers.
Buyers should ensure that the project they are interested in is registered with KRERA, check the developer’s track record, and seek legal advice if necessary.
The government has introduced initiatives such as streamlining the approval process and offering financial incentives to developers who adhere to deadlines.
Buyers have the right to seek compensation in case of delays and can address grievances through the legal framework provided by the Real Estate (Regulation and Development) Act, 2016.
KRERA is responsible for regulating the real estate sector, promoting transparency, protecting the interests of homebuyers and developers, and addressing grievances from stakeholders.
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