Karnataka Builders Owe ?666.97 Crore in RERA Penalties for Non-Compliance

Dated on: Monday 20th January 2025

Builders in Karnataka owe ?666.97 crore in penalties under RERA for violations such as project delays and unresolved buyer complaints. Despite repeated notices, many developers have failed to pay the dues, frustrating homebuyers and prompting authorities to consider stricter enforcement measures to ensure compliance and safeguard consumer interests.

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