Sat Apr 12 17:04:45 UTC 2025: **Bengaluru Developers Urge Government Action on Real Estate Delays**

**Bengaluru, April 12, 2025** – The Confederation of Real Estate Developers’ Associations of India (CREDAI) Bengaluru has called on the Karnataka government to address several persistent challenges hindering the city’s real estate sector. While some progress has been made on issues like e-khata and premium FAR, significant hurdles remain, according to a CREDAI press release.

A major concern is the lengthy process of revalidating old Transferable Development Rights (TDR) certificates, which significantly delays project approvals. CREDAI suggests streamlining this process by eliminating redundant reviews and implementing guidelines requiring TDR purchase before Occupancy Certificates are granted.

Further delays stem from the multi-agency approval system for high-rise buildings. CREDAI advocates for a single-window clearance mechanism, as mandated under Section 32 of the Real Estate (Regulation and Development) Act (RERA), to consolidate the numerous approvals currently required.

Height restrictions imposed by Jakkur Aerodrome are also impacting development, particularly along airport road. CREDAI argues that the airstrip’s recreational nature should exempt developers from these restrictions.

Finally, property tax reforms related to vacant properties are crucial. CREDAI urges the reinstatement of benefits for vacant building taxes, similar to a previous BBMP scheme, to alleviate the financial burden on owners. They also seek to prevent retrospective tax reassessments through the issuance of no-due certificates for fully paid taxes. CREDAI President Amar Mysore emphasized the urgency of these issues for timely project completion and investor confidence.

Read More