However, the High Court has directed the State to initiate the process of identifying and appointing a member to fill the ensuing vacancy and also the constitution of the Tribunal without any delay.
The Electrical Inspector stated that there are 30 lifts in Tower 4 and 5 that have not got approvals from the Electrical Inspectorate, Government of Karnataka. “It is necessary to obtain the lift licence as per the New Karnataka Lifts, Escalators and Passenger Conveyors Rules, 2015,’’ the Electrical Inspector said.
According to a notification dated July 19, the KRERA emphasized the submission of Form 4 (Chartered Accountant Certificate) and Form 7 (Audit accounts of the project) by a chartered accountant annually. The notification highlighted that some real estate project promoters were borrowing money from banks and financial institutions by mortgaging the project land and apartments/units of the housing project.