Developers are under a legal obligation to disclose the financial statements of their projects to RERA. Failing to do so can be considered an act of negligence in performing their obligations. While specific deadlines are part of RERA�s administrati…
Developers are under a legal obligation to disclose the financial statements of their projects to RERA. Failing to do so can be considered an act of negligence in performing their obligations. While specific deadlines are part of RERA�s administrative resolutions, the law empowers RERA to cancel a project if the developer fails to provide the required data and information for project approval or monitoring. This ensures that RERA can verify that purchaser funds are being used correctly.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
Ali Faizan Syed’s knowledge centre
Ask Ali about this question · Explore published properties · Browse all questions