The RERA Certificate in Karnataka is an official document issued by the Karnataka Real Estate Regulatory Authority (KRERA). It certifies that a real estate project is registered with the authority, ensuring that the project complies with all legal, financial, and technical requirements. This certificate promotes transparency, protects buyer interests, and holds developers accountable for timely project delivery.
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Why is RERA registration important?
It ensures the project follows legal guidelines and protects buyers from delays, fraud, or false commitments.
What details are included in a RERA Certificate?
It includes project name, registration number, project location, etc.
What happens if a project is not RERA registered but should be?
The developer may face penalties, and buyers may not have any legal protection under RERA for such projects.
What is the difference between a RERA certificate and occupancy certificate (OC)?
RERA Certificate is issued before the project starts, ensuring registration. OC is issued after project completion, certifying it's fit for occupying.
What if a developer delays possession despite having RERA registration?
You can file a complaint with the Karnataka RERA authority. They can impose penalties or order refunds/compensation.