Builders Have To Look After Building Maintenance Until Registered Society Is Formed: ORERA

The Act specifically stipulates that it is the responsibility of the promoter to enable formation of an association/society of the allottess under the local laws application, ORERA said in its verdict.

Builders Have To Look After Building Maintenance Until Registered Society Is Formed: ORERA

The promoters have to manage the affairs of the project before handing over the management to the association of allottees, pronounced the Odisha Real Estate Regulatory Authority (ORERA) in an interim order. 

While hearing a petition filed by the Kalyan Plaza Annex Owners Welfare Association, an association of individual flat owners at Sundarpada area in Khordha, against the Hi Tech Estates & Promoters, the regulatory authority in the interim order said the promoter is not supposed to leave management before handing over the charge to the association as contemplated U/S 11(4)(e) of the Real Estate (Regulation & Development) Act, 2016.