From Declaration to Certification: Karnataka Sets New Standard for Project Closure

The Karnataka Real Estate Regulatory Authority (K-RERA) is rewriting the rulebook for transparency and accountability in the real estate sector. In a move that’s being hailed as a landmark reform, K-RERA has introduced a new project closure policy that ensures every real estate project in the state goes through an official verification process before it can be declared complete.

For years, the completion of real estate projects in India has largely depended on the developers’ self-declaration — often leaving homebuyers in a vulnerable position when promised amenities, documents, or approvals were incomplete. With the new policy, Karnataka is saying goodbye to “trust us” declarations and moving toward verifiable, certified completion — a shift that promises greater safety and confidence for both buyers and investors….read more https://medium.com/@embassygrovebangalore/from-declaration-to-certification-karnataka-sets-new-standard-for-project-closure-ba6ed5a1b957