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MC Explains: Can unregistered associations collect maintenance charges, sinking funds from homebuyers?

Homebuyers, who are filing FIRs against residentsโ€™ associations, claim unregistered RWAs have defrauded them to the tune of Rs 88 lakhs in maintenance charges.
Bangalore City Arinjoy Ghosh Purva Palm Beach Owners Association Prestige Tranquility Apartment Owners Association Karnataka Cooperative Societies Act Bangalore City Flat Owner Welfare Association

Mana Projects plans to develop 10 msf with potential revenue of Rs 2,500 cr in Bengaluru

The company has already acquired 35 acres of land in FY23 for Rs 75 crore in the city. The five projects will include 2BHK compact smart homes, starting from Rs 75 lakh and 3/4BHK luxury inventories starting from Rs 2.75 crore. It will also include mid-range 3BHKs, priced at Rs 1.4 crore.
Andhra Pradesh Mana Macasa Kishore Reddy Mana Projects Electronic City Outer Ring Road

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