Karnataka Real Estate Regulatory Authority (RERA)
1/4, 2nd Floor, Silver Jubilee Block, Unity Building, CSI compound,
3rd Cross, Mission Road, Bengaluru-560027
No/RERA/LS/CR-05/2019-20
Dated: 27.11.2019
Circular
Sub: Guidelines for Change of Project Name – Reg.
Whereas, under Section 37 of the Real Estate (Regulation and Development) Act, 2016 (“said Act”) the Karnataka Real Estate Regulatory Authority is vested with the power to issue directions from time to time to the promoters, allottees or real estate agents’ as it considers necessary from time to time.
Whereas, the Chairperson, Karnataka Real Estate Regulatory Authority is also vested with the powers of general superintendence and directions in the conduct of affairs of the Authority under section 25 of the said Act.
Whereas, the Authority has been receiving various representations for providing an opportunity to change the Project Name provided to the Authority at the time of making an application.
Whereas, under powers granted to the Karnataka Real Estate Regulatory Authority and its Chairman under the aforesaid provisions of the said Act and since the Karnataka Real Estate Regulatory Authority considers that it is necessary in the interest of the promoters including landowners and the allottees, the present Guidelines is issued exercising powers under the aforesaid provisions of the said Act.
Therefore, to provide necessary guideline to promoters of Real Estate Projects, regarding the appropriate nature of compliance for change of project name, the authority hereby annexed the format as provided in the Authority web portal for filing Application for Change of Project Name and the Checklist No.1 and 2 to submit and to this Guidelines for compliance to be ensured while seeking for change in project name.
All promoters of real estate projects shall be adhered to it full, so as to avoid noncompliance which may lead to Regulatory action under the Act and Rules.
Secretary
Karnataka Real Estate Regulatory Authority
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