Summary
- The Karnataka High Court has ruled that projects with partial occupancy certificates issued before the Real Estate (Regulation and Development) Act, 2016, are not considered "ongoing projects" under RERA.
- Justice M. Nagaprasanna quashed the Karnataka Real Estate Regulatory Authority's order, stating it lacked jurisdiction over pre-Act complaints.
- This landmark decision protects developers from regulatory actions on legacy projects and clarifies the limits of RERA's applicability.
- The ruling emphasizes the need for regulatory authorities to carefully assess project status, potentially reshaping future real estate disputes in Karnataka.
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