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Please help me understand if RERA act is applicable to societies in Karnataka. Or does it apply only to builders of apartments only?
asked Sep 2, 2017 in Legal Matters by Narayan Mane (16 points)
edited Sep 2, 2017 by Narayan Mane | 420 views

1 Answer

+2 votes

Absolutely. It is explicit in the act.

Chapter-IV, Section-a

"a brief detail of his enterprise including its name, registered address, type of enterprise, proprietorship, limited liability partnership, societies, co-operative society, partnership, company, competent authority and the particulars of registration and in case of a newly incorporated or registered entity, brief details of the parent entity including its name, registered address, type of enterprise (proprietorship, societies, co-operative society, limited liability partnership, partnership, companies, competent authority);"

Co-operative society definition:

(c) “Co-operative Society” means a society registered or deemed to be registered under the Karnataka Co-operative societies Act, 1959 (Karnataka Act 11 of 1959);

http://naredco.in/notification/pdfs/Karnataka%20Real%20Estate%20(Regulation%20and%20Development)%20Rules,%202017.pdf

Few co-operative societies have petitioned in karnataka high to keep themselves outside the ambit of RERA. But I don't think, they are going to suceed thought. Let us see.

answered Sep 2, 2017 by sasisekhar (80 points)
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