Homebuyers in Bengaluru Against Dilution of Real Estate Rules
The forum said in many apartment projects there were allegedly mischievous manipulations of land records.
Bengaluru: A large number of homebuyers, allegedly cheated by builders, staged a protest here on Saturday
against the dilution of Real Estate Regulatory Authority (RERA) by the Karnataka government.
The protesters, under the banner of Fight for RERA and Forum for People's Collective Efforts (FPCE), said the government has watered down certain provisions of the Act, which, the protesters said, were detrimental to the homebuyers.
"Implement and enforce RERA in letter and spirit," said secretary of the forum MS Shankarm who demanded speedy disposal of the complaints, under the RERA Act and Rules, and increase the number of adjudicating officers.
Shankar said the Karnataka government had diluted the important section of 3 which protects the interest of the homebuyers awaiting possession of purchased or invested homes which have not received the occupancy certificate or the completion certificate from the competent agencies.
The buyers have paid 70% - 100% of the payment, but the construction has not even reached 50%, he said.
In the memorandum, the forum said many apartment projects were built on encroached upon lakes, stormwater drains, and government land. In all such projects there were allegedly mischievous manipulations of land records, the association said adding that innocent purchasers of such apartments face the threat of demolition.
Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.
|Dr Reddys Labs||2,731.55||-1.28|
Recommended For You
- Salman Khan Turns Chef, Makes 'Khichdi' and 'Raita' in New Bigg Boss 13 Promo
- Renault Kwid Electric Launched In China at Rs 6.22 Lakh, Gets 271Km Electric Range
- Denmark Buys 4 Elephants from Circus to Protect Their Rights and Welfare
- Newton Trends on Twitter After Railway Minister Piyush Goyal Says 'Einstein Discovered Gravity'
- Delhi Airport Facial Recognition Trial Calls for Establishment of Cybersecurity Laws