Karnataka RERA Freezes Sanchaya Land & Estate Accounts After Buyer Complaints

Dated on: Monday 18th August 2025

The Karnataka Real Estate Regulatory Authority (K-RERA) has frozen the bank accounts of Sanchaya Land and Estate Pvt Ltd after multiple complaints from homebuyers. Buyers alleged delays and irregularities in project execution, prompting the authority to step in. By freezing assets, K-RERA aims to secure funds and prevent misuse while ensuring buyers’ interests are protected. The order restricts the developer from withdrawing or diverting money until further directions. This move highlights RERA’s increasing vigilance in safeguarding consumer rights and holding errant builders accountable in the state’s real estate sector.