India, Nov. 11 -- Thousands of homebuyers in Karnataka are still awaiting possession of their homes, as real estate developers have failed to meet promised completion deadlines across 3,145 real estate projects, according to data from the Karnataka Real Estate Regulatory Authority (K-RERA). Homebuyers' body Forum for People's Collective Efforts (FPCE) said the delays have left buyers financially strained, with many uncertain about when they will receive their homes or whether they will recover their money through refunds.

Since its inception in 2017, K-RERA has registered 10,621 housing projects, of which nearly 30% remain incomplete years after their scheduled completion dates.

The list of lapsed projects includes developments promoted...