In case of violation of the sanction plan, under the RERA Act, the authority does not have the power to order demolition of the building. Unless this power is given to it, the Authority can only pass orders, KRERA said.
Advocates say it is necessary to penalise and make real estate agents share the responsibility in home selling as they are important mediators in terms of transactions.
Experts feel that the judgment increases the scope of recoveries for homebuyers significantly in cases where the developer goes absconding or is undergoing insolvency
Here are the top 5 KRERA orders of 2023, including the liability of the developer for damage during flooding and taking possession without OC, which will leave a huge impact on the sector.
Days after flagging unregistered associations, KRERA asks a developer to form RWA under law governing society registrations that legal experts say does not permit the collection of maintenance charges by RWAs