Prestige Constructions Launches Prestige Glenbrook in Whitefield, Bangalore

Real estate company Prestige Group has launched a new high-rise residential project called Prestige Glenbrook in Whitefield, which is located in the IT hub of Bangalore. The project spans across 4.5 acres and comprises of 285 apartments across two towers with a developable area of 0.7 million sq ft. The project site is situated just five minutes away from the Nallurahalli metro station and is also in...

KRERA: Real Estate Developers cannot ask for delayed interest

KRERA: Real Estate Developers cannot ask for delayed interest and dues payment if their documents are not valid

The Karnataka Real Estate Regulatory Authority (KRERA) recently made a decision that developers cannot ask for delay interest from homebuyers if they have not paid their dues unless they provide valid documents like building plans and project clearances. The Authority supported a homebuyer in a case involving a the on-going project in Bengaluru. They explained that most of the documents submitted by the...

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