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Cooperative housing societies comes under the umbrella of RERA

Dated on: Wednesday 7th February 2018

Interim regulator of RERA Karnataka chairman Mr. Kapil Mohan clarified that cooperative housing societies come under the purview of RERA which cover 1577 housing societies in entire state of Karnataka. 
The RERA states that any co-operative housing finance society or primary co-operative housing society that constructs apartments or buildings is falling under RERA. RERA intends to bring forth transparency in the sector and shield the interests of the buyers while imposing severe penalties on errant builders.

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