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Builders to pay ₹25,000 penalty for delayed quarterly reports: Karnataka RERA

Karnataka Rera will penalize real estate promoters Rs 25,000 per quarter for failing to submit project progress reports starting financial year 2025-26. Promoters have a final chance to submit overdue reports by February 20, 2026, without penalty. This move aims to protect homebuyer rights and ensure project transparency. Builders suggest penalties should be nominal, while homebuyers welcome the initiative.
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Gujarat RERA orders builder to pay maintenance charges for unsold units

Gujarat Real Estate Regulatory Authority has ruled developers must pay maintenance for unsold housing units. This applies from the date Building Use permission is granted until the units are sold. The authority stated promoters are responsible for running maintenance on unsold flats. This decision impacts many housing societies. Developers cannot avoid maintenance liabilities for unsold inventory after BU permission.
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Karnataka RERA to tell builders to specify exact parking slots on sale agreement

Karnataka Real Estate Regulatory Authority (K-Rera) has finally blinked and will soon make it mandatory for builders to mention parking spaces in allotment letters and agreements for sale — an issue long flagged by flat buyers who have been having parking space-related disputes with builders. With this, accessibility-related concerns and safety and usability issues are also being addressed.
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