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RERA to promoters: Transfer corpus to owners’ association

Though the Karnataka Real Estate (Regulations and Development) Act, 2016 mandates that the promoter encourage the owners to set up an association and transfer the corpus funds to them, a majority of them do not adhere to it and the associations have been struggling to receive the funds.
Last Updated : 25 October 2023, 23:20 IST

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Published 25 October 2023, 23:20 IST

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