The DLD may remove an entry from the Real Property registry folio once a project is completed and units are registered in the names of purchasers. Alternatively, an entry can be removed if a project is cancelled by RERA for any of the reasons specif…
The DLD may remove an entry from the Real Property registry folio once a project is completed and units are registered in the names of purchasers. Alternatively, an entry can be removed if a project is cancelled by RERA for any of the reasons specified in the law, such as developer bankruptcy or lack of implementation. This ensures the register accurately reflects the current status of the land, providing a clean and updated record for future transactions and dispositions.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
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