India, May 6 -- In a boost for homebuyers, KRERA has passed key orders against the Bangalore Development Authority (BDA), directing it to complete the long-delayed Nadaprabhu Kempegowda Layout (NPKL) with full infrastructure within two months and to pay Rs.22.4 lakh in interest compensation to an allottee for the delays. In a separate case, the authority also held that BDA qualifies as a 'promoter' under RERA, thereby subjecting it to the same compliance standards as private developers.

This comes at a time when affordable housing supply in Bengaluru has steadily shrunk, with rising land and construction costs pushing developers toward mid- and premium-segment projects, leaving budget homebuyers with limited options.

In one case, KRERA ...