KRERA issues guidelines to ensure adherence to sanctioned plans

The Karnataka Real Estate Regulatory Authority (KRERA) recently issued guidelines to ensure promoters adhere to the sanctioned plans and project specifications. The guidelines are aimed at implementing the existing provisions in the RERA Act.

Section (14) 2 (ii) mandates that any alteration or addition to the sanctioned plan, layout plan and specifications of the building or the common areas within the project will require the previous written comment of at least two-thirds of the allottees other than the promoter, said K.S. Latha Kumari, secretary, KRERA.

The guidelines also specify that promoters will have to apply to KRERA with the proposed changes and mention any changes to the completion date of the project due to the alterations, along with a structural stability certificate.

M.S. Shankar from the Forum for People’s Collective Efforts, Karnataka chapter, welcomed the move and said it would help the interests of home buyers and protect them from getting into litigation upon modification of sanctioned plans by builders.

“At present, there are rampant modifications being made by builders, which lead to massive changes in UDS (undivided share of land), amenities, facilities, and non-issuance of occupancy certificate for the project, and ultimately litigation. The relationship between the builder, land owner and allottees will see a new dimension now as the consent of the land owner and two-thirds of the buyers is mandatory,” he said.

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Printable version | Aug 7, 2020 1:03:12 PM | https://www.thehindu.com/news/national/karnataka/krera-issues-guidelines-to-ensure-adherence-to-sanctioned-plans/article31968838.ece

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