Tag: resident welfare associations

IndustryLatest Stories

Centre Invites RWAs, Private Players for Urban Projects

NEW DELHI: Resident welfare associations (RWAs), real estate developers, and private entities are now empowered to initiate civic projects, such as water and sanitation, thanks to the newly launched Urban Challenge Fund by the Centre. Civic and urban development projects are no longer exclusively the responsibility of financially constrained municipalities. Multiple RWAs can collaborate to address civic issues by forming a group, devising a project proposal, and submitting it to local civic agencies. If a developer’s high-end apartment complex faces waterlogging on access roads, they can propose and execute a project outside the colony. This new strategy, facilitated by the…

Latest StoriesRegulatory

SC: Homebuyers, RWAs can’t join developers’ insolvency process

NEW DELHI: The Supreme Court ruled on Thursday that homebuyers’ societies, or Resident Welfare Associations (RWAs), generally established for the maintenance and management of common facilities in housing projects, do not possess the right to intervene in the insolvency proceedings of the developer company. A bench comprising Justices JB Pardiwala and R Mahadevan upheld the insolvency proceedings against Takshashila Heights India Private Ltd under the Insolvency and Bankruptcy Code of 2016. It specified that if creditors aim to utilize the provisions of the code, they must genuinely seek to revive the corporate debtor. The court stated, “If revival is not…

InfrastructureLatest Stories

RWAs Urge Mohali Developers to Construct Masterplan Road

Representative Image MOHALI: On Monday, over 25 resident welfare associations (RWAs) and market associations from Sectors 123, 124, and 125 protested against Gmada. Their anger stemmed from the prolonged delay in constructing the 200ft Dara Studio-Khanpur masterplan road. Anandpur Sahib MP Malvinder Singh Kang joined the protest, organized by the 200 Ft Master Plan Road Sangharsh Committee. He assured residents that he would prioritize the issue. Residents voiced their frustrations, stating that more than 20,000 families had invested their life savings in homes and businesses, reliant on the promised road. Builders and property dealers had marketed plots and homes based…

Latest StoriesResidential

Bengaluru Buyers Struggle with RWAs and Asset Handover

BENGALURU: Apartment owners across the city are facing uncertainty regarding the establishment and registration of their resident welfare associations (RWAs). Issues range from the handover of communal assets to ambiguous directives from authorities. Residents report being pressured to assume maintenance responsibilities while still paying fees to the authorities, creating confusion about their rights, ownership, and the legal framework governing their associations. For example, in the BDA Kaniminike Housing Project, the civic authority issued a letter to homebuyers, urging them to form an association and submit a maintenance payment of 1%. This letter stated that all maintenance services, such as security,…

IndustryLatest Stories

Gurugram RWAs demand GST cut on maintenance bills to 5%

GURUGRAM: Resident welfare associations (RWAs) have urged Haryana CM Nayab Singh Saini that essential services like security, water supply, and sanitation should not be subjected to luxury taxes. They are calling for a rationalization of the GST applied on monthly maintenance fees. In their appeal, they have asked Saini, who also oversees finance, to reduce the GST rate from 18% to 5% and to raise the exemption limit from Rs 7,500 to Rs 10,000 per flat per month. This request arises in light of PM Modi’s announcement on Independence Day, which stated that the GST framework would be revamped into…