The Supreme Court issued notice to Karnataka on a challenge to the Premium FAR scheme and said it cannot be used for now to regularise unauthorised constructions. Buyers and lenders in Bengaluru should treat interim approvals under the scheme as subject to the final outcome of the case and should still verify sanctioned plans, deviations and occupancy approvals.
We have not written our own note on this one yet. The source report and, where we found it, the primary document are linked below.