Table of Contents
i. Acknowledgement 0
ii. List Of Figures 3
iii. List Of Tables 4
iv. List Of Abbreviations 5
v. Executive Summery 6
1. Introduction 10
1.1. Background of the study 10
1.2. Aim of the Project 10
1.3. Objectives 10
1.4. Expected Outcome 10
1.5. Research Methodology 10
2. Understanding RERA 11
2.1. Real Estate Market Scenario in India 11
2.2. Need For RERA 12
2.3. The Real Estate Regulatory Act, 2016 12
2.4. The Major Objectives of the Act: 13
2.5. Key Provisions Under RERA 13
2.6. Key features of the Act 13
2.7. State wise implementation of RERA Act 14
2.8. Karnataka RERA Rules, 2017 15
2.9. Judicial Mechanism 16
2.10. Karnataka Real Estate Regulatory Authority 17
2.11. Project Parameters 17
2.11.1. Promoter Details 17
2.11.2. Project Details 17
3. Study Analysis & Recommendations 18
3.1. Understanding the project Lifecycle 18
3.2. Stakeholder Analysis 19
3.2.1. Analysis of the positives and negative impacts on the key stakeholders 20
3.3. What is maintenance management? 21
3.3.1. Maintenance Clauses 21
3.3.2. State-wise comparison of maintenance clauses 22
3.4. Compliant Redressal Mechanism at Karnataka RERA 23
3.4.1. Compliant Redressal at RERA 24
3.4.2. The Adjudicating Officer 26
3.4.3. K-RERA Complaints 26
3.4.4. K-RERA’s Lok Adalat 28
3.4.5. Major Complaints in Bengaluru 29
3.5. Developer Surveys 30
3.6. Buyer Survey 32
3.7. Areas of concern in the Act 33
3.8. Recommendations 34
4. Conclusion 35
5. Annexture – 1 37
5.1. Detailed Survey questionnaire and response from Developers 37
6. Annexture – 2 38
6.1. Detailed Survey questionnaire and response from Buyers 38
7. References 40