The Karnataka Real Estate Regulatory Authority (KRERA) has reported that more than 2,600 real estate projects across Karnataka have missed their scheduled completion deadlines. Many of these projects are now facing indefinite delays, with Bengaluru being the most affected city. The capital alone accounts for 1,301 stalled developments, according to the latest KRERA data.
In addition, 1,007 projects have formally applied for deadline extensions, which are currently under review by the authority. KRERA has issued a public warning on its website stating that the registration period for a number of projects has expired and remains unrenewed, cautioning buyers that dealing with these projects could carry significant risks.
