If a developer is proven incompetent or unable to manage the jointly owned property to ensure its sustainability, the CEO of RERA can intervene. In such cases, RERA has the authority to appoint a specialised Management Company to take over the opera…
If a developer is proven incompetent or unable to manage the jointly owned property to ensure its sustainability, the CEO of RERA can intervene. In such cases, RERA has the authority to appoint a specialised Management Company to take over the operation of the building or common parts. This also applies to Master Developers who fail to properly manage the common facilities of a master project. This power ensures that property assets do not deteriorate due to poor developer management.
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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