In a significant move aimed at providing relief to the residents of ‘L&T Realty Raintree Boulevard’ in Byatarayanapura, the Karnataka Real Estate Regulatory Authority (K-RERA) has issued directives to L&T Realty. The order encompasses the establishment of proper car parking facilities and the prompt handover of all common areas to the residents’ association. Furthermore, L&T Realty has been directed to extend a five-year defect liability (guarantee) to apartment owners following the handover.
Key Directives from K-RERA: The K-RERA order, delivered by a full bench comprising Chairman H C Kishore Chandra and members Neelamani N Raju and Gurijala Ravindranadha Reddy, follows a complaint filed by residents Arshi and Suhail Ahmed. The couple, residing in Flat No. 1302, brought attention to issues related to promised parking facilities, which were not realized.
Mr. Ahmed expressed gratitude for the directive, stating, “RERA has directed the promoter to provide proper parking at the earliest or refund the amount collected from the home buyers. This is a much-needed relief for all of us.”
- Parking Facilities: L&T Realty has been directed to ensure proper car parking facilities promptly. Failure to do so may necessitate a refund of the amount collected from homebuyers who opted for parking facilities.
- Common Areas Handover: The promoter is mandated to hand over all common areas to the association of homebuyers. Delays in forming the association were acknowledged, with the association being officially established in June 2023.
Residents’ Reaction: The residents of ‘L&T Realty Raintree Boulevard’ welcomed the directives from K-RERA, emphasizing the much-needed relief and resolution of longstanding concerns related to parking and common areas.
Conclusion: K-RERA’s proactive intervention in response to residents’ grievances showcases the authority’s commitment to ensuring transparency, fairness, and resident welfare in real estate projects.