Homebuyers not able to get compensation under Karnataka RERA

Dated on: Monday 24th June 2019

Lacking the powers to enforce the orders RERA has referred the cases to Deputy Commissioners (DC )of districts asking them to auction properties of defaulter developers and pay out compensation. RERA has referred many cases to DC where the compensation ranges from Rs. 2 lakhs to Rs. 1.5 crores. Frustrated over the delay some consumers have compromised with builders and some of the cases have been settled without any compensation.

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