"CA Vinay Thyagaraj, practicing Professional in the area of Real Estate, Direct Taxation, business structuring apart from financial consultation. Practicing since 2002 in Bengaluru, developed team of professionals to provide holistic and 360 Degree services to the clients. Living with parents, spouse and 2 sons in Bengaluru. Associated with Nele Foundation, a NGO's to support the needy and deprived from food and education. "
The Court held that investors seeking assured returns and buy-back benefits cannot masquerade as homebuyers to initiate insolvency proceedings. The key takeaway is that IBC protection is reserved for genuine allottees, not profit-driven investors.
The Court examined whether Karnataka RERA could impose delay filing fees through an administrative circular. It ruled that such financial levies require clear statutory authority and cannot be created through executive action alone.
The Tribunal held that landowners participating in development, revenue sharing, and allotment processes are co-promoters under RERA and cannot seek relief as aggrieved persons before the regulatory authority.
Karnataka RERA directed a promoter to provide project insurance records and proof of transfer of insurance benefits to the Association within 30 days.
Increasing use of RERA data by tax authorities makes alignment between project disclosures and income tax reporting essential to avoid notices, additions, and penalties.
This article explains when the obligation to pay maintenance charges arises and how recent RERA rulings clarify that possession and enjoyment of common amenities trigger financial responsibility.
Karnataka RERA’s decision to make quarterly project updates publicly accessible empowers stakeholders with reliable information on construction progress and financial compliance. The key takeaway is the shift from passive reporting to meaningful transparency.
The article examines how ambiguities in parking allotment, ownership, and management continue to generate litigation despite RERA’s transparency measures. The key takeaway is that compliance with sanctioned plans and clear documentation remain essential.
Understand RERA regulations on collecting an Expression of Interest (EoI) for real estate projects. Learn about legal risks and penalties for non-compliance.
A detailed guide to RERA’s financial year-end reconciliation. Learn about key compliance requirements, fund management, and reconciliation checklists for real estate promoters and professionals.
