Under Article (17), a developer will be struck-off the Register if they are declared bankrupt. Other grounds for removal include failing to start construction within six (6) months of getting off-plan sale approval without a valid reason. Removal al…
Under Article (17), a developer will be struck-off the Register if they are declared bankrupt. Other grounds for removal include failing to start construction within six (6) months of getting off-plan sale approval without a valid reason. Removal also occurs if the developer's license is revoked or if they commit serious violations like embezzlement or submitting false auditor reports. This article ensures that only reliable and active developers are permitted to hold a place in the market.
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