India, Feb. 27 -- The Karnataka Real Estate Regulatory Authority (KRERA) has pulled up a developer for failing to obtain the mandatory completion certificate (CC), a lapse that allegedly caused Mysuru homebuyers to face a 100% property tax penalty imposed by local authorities. In its order, the regulator observed that the developer had not fully complied, despite earlier directions in similar cases involving the same project.

KRERA directed the developer to secure the completion certificate from the competent authority and submit it to the regulator, along with a detailed compliance report outlining completed amenities and infrastructure works, as well as pending tasks. The developer has also been asked to provide a clear, time-bound act...