GOVERNMENT OF KARNATAKA

No: DOH 109KHB2017 Karnataka Government Secretariat VikasaSoudha, Bangalore, Dated: 10-07-2017

NOTIFICATION - Whereas the draft of the Karnataka Real Estate (Regulation and Development) Rules, 2016 was published vide Government Order No. DOH 128 KHB 2016, dated: 24th October, 2016, in part I of the Karnataka Gazette ( Extra Ordinary Number 1193), dated 24th October, 2016 inviting suggestions from all persons likely to be affected thereby within fifteen days from the date of its publication in the Official Gazette And whereas, the said Gazette was made available to public on 24th October, 2016And whereas, suggestions have been received and considered by the State Government And whereas, the Government of India vide S.O No.3347, dated 28thOctober 2016 had made the order for removing certain difficulties in implementing the provisions of the Act

Now, therefore, in exercise of the powers conferred by sub-section (1) of Section 84 of the Real Estate (Regulation and Development) Act 2016 (Central Act 16 of 2016) the Government of Karnataka hereby makes the following rules, namely:-

CHAPTER I – PRELIMINARY

CHAPTER II – REAL ESTATE PROJECT

CHAPTER III – REAL ESTATE AGENT

CHAPTER IV – DETAILS TO BE PUBLISHED ON THE WEBSITE OF THE AUTHORITY

CHAPTER V – RATE OF INTEREST PAYABLE BY PROMOTER AND ALLOTTEE AND TIMELINES FOR REFUND

CHAPTER VI – REAL ESTATE REGULATORY AUTHORITY

CHAPTER VII – SALARY AND ALLOWANCES OF CHAIRPERSON AND MEMBERS OF REAL ESTATE REGULATORY AUTHORITY

CHAPTER VIII – POWERS AND FUNCTIONS OF THE AUTHORITY

CHAPTER IX – CONDITIONS OF SERVICE OF OFFICERS AND OTHER EMPLOYEES OF THE AUTHORITY

CHAPTER X – FILING OF COMPLAINT

CHAPTER XI – REAL ESTATE APPELLATE TRIBUNAL

CHAPTER XII – OFFENCES AND PENALTIES

CHAPTER XII – MISCELLANEOUS

CHAPTER XIII – BUDGET AND REPORT