Karnataka Real Estate Regulatory Authority (K-RERA) has introduced a strict penalty regime starting FY 2025-26 to ensure timely submission of quarterly progress reports (QPRs) by real estate promoters. Promoters must upload these reports on the K-RERA portal within 15 days after each quarter ends, or face a ₹25,000 fine per delayed quarter. Penalty Details The […]
Public Awareness Drive to Curb Unauthorized Property Purchases The Bangalore Development Authority (BDA) has launched a public awareness campaign to educate homebuyers about illegal layouts and unapproved land developments. The campaign aims to prevent citizens from purchasing plots that do not have statutory approvals. Officials said the initiative will focus on explaining approval procedures, required […]
Bengaluru’s residential real estate market shows a clear bifurcation: premium apartments with expansive layouts and top-tier amenities are selling briskly, while smaller, no-frills budget units accumulate unsold inventory amid sluggish demand. Premium Segment Surge Homebuyers increasingly target mid- to premium homes priced between ₹1–5 crore, which captured nearly 79% of H1 2025 sales despite a […]
