A Developer managing a Category 1 project is permitted to outsource all or part of their duties to a specialised Management Company. This delegation of responsibility must be done through a formal agreement that specifies the fees and conditions. Cr…
A Developer managing a Category 1 project is permitted to outsource all or part of their duties to a specialised Management Company. This delegation of responsibility must be done through a formal agreement that specifies the fees and conditions. Crucially, this agreement requires advance approval from RERA to be valid. This allows developers to utilise professional management expertise while RERA maintains oversight to ensure that the standards of maintenance and financial management for the common parts are strictly upheld.
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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