For Category 3 projects, which are standard jointly owned buildings, management is not handled by the developer but by a specialised management company. This company is selected and contracted directly by RERA based on approved standards and rules.…
For Category 3 projects, which are standard jointly owned buildings, management is not handled by the developer but by a specialised management company. This company is selected and contracted directly by RERA based on approved standards and rules. The property must have an Owners Committee appointed by RERA to provide oversight and represent the owners' interests. This structure ensures that smaller or mid-sized developments are managed independently and professionally, reducing potential conflicts of interest between developers and unit owners.
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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