India, Nov. 11 -- The Karnataka Real Estate Regulatory Authority (KRERA) has said that the Bengaluru Development Authority (BDA) qualifies as a 'promoter' under the state's RERA Act. The authority directed the BDA to register its Nadaprabhu Kempegowda Layout project, which has been under development since 2014, and to upload all relevant documents, including layout plans and approvals.
"The preliminary objection of the Respondent (BDA) that the Authority lacks jurisdiction because BDA is a statutory planning authority is rejected," the order said.
"It is declared that BDA, insofar as it develops land and allots plots/buildings to members of the public for consideration (NPKL), is a 'promoter' under Section 2(zk) and the Nadaprabhu Kempe...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.