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No land or project? Karnataka REAT rules landless housing societies are not 'promoters' under RERA Act
The tribunal held that a complaint seeking relief under RERA was not maintainable before the Karnataka RERA.
The Karnataka Real Estate Appellate Tribunal (REAT) has ruled that a housing co-operative society that had neither acquired land for development nor undertaken any real estate project could not be considered a ‘Promoter’ under the Real Estate (Regulation and Development) Act, 2016 (RERA Act).
The tribunal consequently held that a complaint seeking relief was not maintainable before the Karnataka Real Estate Regulatory Authority (RERA), reported LiveLawBiz.
A Bench comprising Chairperson Justice JM Khazi and Judicial Member Santhosh Kumar Shetty N made the observations while dismissing an appeal filed against BSNL Employees Welfare House Building Co-operative Society Ltd.