Karnataka RERA revises charges for various services rendered by RERA

Karnataka RERA revises charges for various services rendered by RERA
  • General
  • Tuesday 25th February 2020
  • Author: Riya Kapoor

Highlights

  • Under Section 37 of the Real Estate (Regulation and Development) Act, 2016, the Karnataka Real Estate Regulatory Authority is vested with the power to issue directions from time to time the promoters, allottees or real estate agents as it considers necessary from time to time

Under Section 37 of the Real Estate (Regulation and Development) Act, 2016, the Karnataka Real Estate Regulatory Authority is vested with the power to issue directions from time to time the promoters, allottees or real estate agents as it considers necessary from time to time. 

In order to provide services on transactional basis for updating registration of project, technical clearance, and permission, etc., rendered by the Authority and to state that it has been decided to levy the charges, which shall be over and above the charges of the Authority as prescribed in the Rules, which also includes updating website, database management and maintenance of website, etc. But bank charges and taxes shall be charged extra on the actual basis to be paid by the user. 

 Circular No. RERA/ADM/CR-119/2019-20 dated 13-12-2019 laying down the charges for various services rendered by Karnataka Real Estate Regulatory Authority (K-RERA) stands revised. It is felt necessary to issue further directions on the charges for the specific services. Hence, the charges for the following services rendered by K-RERA is as bellow: 

Sno Type of Transaction Fees excluding taxes 
1,

Correction of the project name

Rs 10,000
2. Correction of the project address Rs 10,000
3.  Correction of promoter name Rs 10,000
4. Correction of promoter address Rs 10,000
5. Correction of the email address or mobile number Rs 10,000
6. Change of RERA bank account details Rs 10,000

It is to be also noted that the levy of the above-prescribed charges will be effective commencing from this 15-02-2020  irrespective of the date of submitting of application and approval thereof, till further revision.

For the above change request, you can contact us.

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