With new SOP and software, revenue recovery in RERA cases expected to pick up pace
RERA-Karnataka is implementing a new Standard Operating Procedure and dedicated software to improve the enforcement of revenue recovery orders. These measures aim to address the long-standing issue of low recovery rates for homebuyers by empowering the authority to act like a civil court.
Lax enforcement of revenue recovery orders issued by Real Estate Regulatory Authority - Karnataka (RERA-K) — only around 10% of the value of the Revenue Recovery Certificates (RRCs) have been recovered till date — has been a long-standing problem aired by homebuyers. A host of measures, including a Standard Operating Procedure (SOP) which empowers RERA-K to implement its orders, a dedicated officer and a software being developed to implement RRCs in Bengaluru, is expected to lead to better implementation of these orders.
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