If RERA identifies violations by a Management Company in a Category 3 project, it must first notify the Owners Committee to get their opinion. RERA then serves a written warning to the company, outlining the mistakes and granting them fourteen days…
If RERA identifies violations by a Management Company in a Category 3 project, it must first notify the Owners Committee to get their opinion. RERA then serves a written warning to the company, outlining the mistakes and granting them fourteen days to respond. RERA will also appoint a certified audit firm to check if the company complied with the approved budget. If the company is still found to be at fault, RERA will issue a decision appointing a replacement company to take over management.
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