Indian_Real_Estate_Law (2)

2
RERA Karnataka Rules 2017
Whereas the draft of the Karnataka Real
Estate (Regulation and Development) Rules,
2016 was published vide Government Order
No. DOH 128 KHB 2016, dated: 24 October,
2016, in part I of the Karnataka Gazette( Extra
Ordinary Number 1193), dated 24% 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, 2016.
And whereas, suggestions have been received
and considered by the State Government;
And whereas, the Government of India
vide S.O No.3347, dated 28 October 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:-
2.1 CHAPTER I PRE-
LIMINARY
2.1.1 Title and Commencement
1. (1) These rules may be called the Karnataka
Real Estate (Regulation and Development)
Rules, 2017. (2) They shall come into
force from the date of their publication in the
Official Gazette.
2.1.2 Definitions
2.(1) In these rules, unless the context otherwise
requires, - (a) “Act” means the Real Estate
(Regulation and Development) Act, 2016
(Central Act 16 of 2016);
(b) "Association of allottees" means a collective
of the allottees of a real estate project
by whatever name called registered under any
law for the time being in force, acting as a
group to serve the cause of its members and
shall include the authorized representatives of
the allottees;
“Co-operative Society” means a society
registered or deemed to be registered under
the Karnataka Co-operative societies Act,
1959 (Karnataka Act 11 of 1959); (d) “Form”
means a form appended to these rules; and
(e) “Section” means a section of the Act. (2)
Words and expressions used herein and not defined,
but defined in the Act, shall have the
same meaning respectively assigned to them
in the Act.
2.2 CHAPTER II REAL
ESTATE PROJECT
2.2.1 Information and documents
to be furnished by
the promoter for registration
of project
3. (1) The promoter shall furnish the following
additional information and documents, along
with those specified in sub-section (2) of Section
4 of the Act for registration of the real
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