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Failing to pay pre-EMI, Karnataka RERA directs developer to refund entire amount for a delayed apartment in Bengaluru
KRERA noted that the project, Ozone Urbana, has been stalled for the last three years and that the developer is nowhere close to completing it.
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Projects with partial occupancy certificate not classified as ongoing: KRERA
The real estate regulator dismissed pleas for delayed compensation and held that a development will be considered complete where the partial occupancy certificate has been issued.
Dhananjaya padmanabhachar
Karnataka real estate regulatory authority
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