India, March 27 -- Bengaluru homebuyers say they are facing challenges due to the lack of a clear project closure policy and definitive ownership laws. They contend that merely obtaining an occupancy certificate (OC) does not signify project completion and have urged Karnataka RERA to follow Odisha RERA's example by notifying project closure norms.

Additionally, they are calling on the government to expedite the replacement of the Karnataka Apartment Ownership Act (KAOA) with a more comprehensive law, which has been delayed.

A Right to Information (RTI) response accessed by HT.com, dated March 3, 2025, revealed that RERA Karnataka is actively considering a project closure policy. Homebuyers had approached KRERA last year, urging it to a...