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Karnataka RERA asks developer, landowners of a delayed project to form association of allottees, bear costs

The real estate regulator ruled that both landowners and the developer are jointly responsible for finishing the project.

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Shriram Properties Q1 results: Profit up 59% at Rs 16 6 crore

Shriram Properties Q1 earnings: The company s Q1 revenue declined by about 8 percent to Rs 157.2 crore from Rs 170.97 crore in in the year-ago quarter

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Karnataka real estate regulator asks association of allottees to take over delayed project in Bengaluru

The Authority has directed the association to be registered under Karnataka Cooperative Societies Act 1959 in order to take over completion of the project

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MC Explains: Can unregistered associations collect maintenance charges, sinking funds from homebuyers?

Homebuyers, who are filing FIRs against residents’ associations, claim unregistered RWAs have defrauded them to the tune of Rs 88 lakhs in maintenance charges.

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Mana Projects plans to develop 10 msf with potential revenue of Rs 2,500 cr in Bengaluru

The company has already acquired 35 acres of land in FY23 for Rs 75 crore in the city. The five projects will include 2BHK compact smart homes, starting from Rs 75 lakh and 3/4BHK luxury inventories starting from Rs 2.75 crore. It will also include mid-range 3BHKs, priced at Rs 1.4 crore.

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