As per the Bruhat Bengaluru Mahanagara Palike, the lakes can no longer be used for anything other than water storage. All KRERA registered projects have been extended by 6 months to the expiration date of their registration. A government order issued on 19th May, 2020 stated that an extension was granted due to 'Force Majeure'. This order extended the deadline for all statutory compliance to 15th September 2020.
Builders in Bangalore are accountable to property buyers as per the guidelines of the RERA Act. For those wondering how to raise complaints against builders in Bangalore, the RERA (Real Estate Regulation and Development) Act has been made applicable in the state of Karnataka since 2017. Hence to protect all commercial and residential properties in Bangalore, register them under the RERA Act.
Let’s take a short detour before we go into how to raise complaints with Karnataka RERA in order to give you a better understanding of what the RERA Act is and what some of its provisions and benefits are.
What Is the RERA Act?
This act was enacted in order to create transparency and accountability in the real estate sector, for the benefit of buyers and homeowners alike. It was introduced in 2017 and was implemented in 14 states (including Bangalore) by the end of 2018.
Main Provisions of RERA Act
- 70% of the payment received from the property buyer is deposited in a separate account by the respective property builder.
- The property builder discloses all information about the project on the company website, as well as make regular updates.
- The property value is assessed on the carpet area instead of the built-up area.
- The RERA Act requires property builders to submit all original property plans and modifications (if any) to buyers. If there are delays, a 2% interest rate will be levied from the builder and seller, as per the marginal cost lending rate of State Bank Of India.
- It is possible for builders to demand an advance payment of up to 10% of the project cost.
- As soon as a building defect is discovered, it must be rectified within 30 days, within the first five years of it appearing.
- Construction defects and damages must be reported to the building’s owner within one year of taking ownership of the property.
- There are harsh penalties for violating the RERA act, including imprisonment for a maximum of 3 years for builders, and one year for agents/buyers who violate the RERA act.
Documents required to file RERA complaint
- Payment receipts
- Project plans
- Allotment letters
- Builder-Buyer Agreement
- Cheque details
Filing a complaint with Karnataka RERA
- Click on the following link http://rera.karnataka.gov.in/complaintForm – the RERA Complaint Registration Portal
- Please provide your name, contact number, email address, as well as any other personal information that may be required.
- If you want to file a complaint against a respondent, you must fill in the details of the respondent.
- Make sure you fill out all the details about your complaint, and make sure that you share the documents that support your claims.
- Pay ₹1000/- as application fee and upload the payment receipt or challan as proof of payment.
- For submitting your complaint, click on the ‘Declaration’ button at the top of the page.
- For future reference, make sure you keep track of the acknowledgement number of your complaint.
Conclusion
Get in touch with Vakilsearch property experts who will be able to assist you in filing complaints with the Karnataka RERA.
