A Management Company is a sole proprietorship or company recognized by RERA that specializes in managing common areas. These companies are hired to handle the management, operation, maintenance, and repair of Jointly Owned Real Property. For propert…
A Management Company is a sole proprietorship or company recognized by RERA that specializes in managing common areas. These companies are hired to handle the management, operation, maintenance, and repair of Jointly Owned Real Property. For properties not classified as Major Projects or Hotel Projects, RERA selects and contracts a specialized management company. These entities are accountable for ensuring that building systems like elevators and security remain functional. They must also provide periodic financial reports to RERA regarding the service charges they collect.
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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