<p>The Real Estate Regulatory Authority Karnataka (Rera-K) will assess all ongoing real estate projects in the city and take suitable action against defaulters.<br /><br />“In the last three months, we have received 1,600 applications, which include three from Karnataka Housing Board and around 14 from Bangalore Development Authority (BDA),” said Priya Vinoth, Rera-K Secretary.<br /><br />Another official seeking anonymity said: “After processing all applications, we will assess the projects on the ground and verify whether they have applied to Rera or not. It does not matter whether it is a government body, a non-profit organisation or any other agency, all infrastructure and development projects have to register. We will soon start the process of assessing each project. The exercise will also help us check the ground status of all projects and know if they are complying with the deadlines.”<br /><br />Rera is being taken seriously in other states, but that does not seem to be the case in Karnataka, especially Bengaluru, which is a hub of real estate activities. According to officials, builders are finding ways to escape the Rera net. On the other hand, government agencies like KHB and BDA are under the impression that Rera did not apply to them, the official added.</p>
<p>The Real Estate Regulatory Authority Karnataka (Rera-K) will assess all ongoing real estate projects in the city and take suitable action against defaulters.<br /><br />“In the last three months, we have received 1,600 applications, which include three from Karnataka Housing Board and around 14 from Bangalore Development Authority (BDA),” said Priya Vinoth, Rera-K Secretary.<br /><br />Another official seeking anonymity said: “After processing all applications, we will assess the projects on the ground and verify whether they have applied to Rera or not. It does not matter whether it is a government body, a non-profit organisation or any other agency, all infrastructure and development projects have to register. We will soon start the process of assessing each project. The exercise will also help us check the ground status of all projects and know if they are complying with the deadlines.”<br /><br />Rera is being taken seriously in other states, but that does not seem to be the case in Karnataka, especially Bengaluru, which is a hub of real estate activities. According to officials, builders are finding ways to escape the Rera net. On the other hand, government agencies like KHB and BDA are under the impression that Rera did not apply to them, the official added.</p>
