Days after flagging unregistered associations, KRERA asks a developer to form RWA under law governing society registrations that legal experts say does not permit the collection of maintenance charges by RWAs
The Karnataka Real Estate Regulatory Authority (KRERA) has directed a private developer engaged in the construction of a senior citizens project in Mandya District to transfer the entire corpus fund.
If the project is delayed, stalled, or abandoned, the RWA can approach RERA to take it over. Only an association registered as a cooperative society can make such a takeover, explained the Authority.