Is registration of RWA mandatory?

Must-know facts about RWA The Real Estate (Regulation and Development) Act, 2016 (RERA), states that as soon as a majority of home buyers have booked their flats, an RWA should be formed within three months. Associations are not mandatory but if these are formed, it should be registered.

When can a RWA be formed?

The formation of RWA has been made mandatory under the Real Estate (Regulations & Development) Act, 2016. As per RERA, an RWA must be established in a housing society within three months from the time that a majority of the houses have been booked.

Can Builder be part of RWA?

Yes, builder can be member if he is resident /owner of a flat.

Can RWA be formed before possession?

The RWA can only be formed by people residing in the project after possession once a minimum timeframe post possession (of minimum percentage of total flats) has crossed.

When a builder should handover to society?

After completion of the project and formation of the Apartment Owners Association, the builder needs to handover the leftover money, audited accounts of the maintenance fund and interest earned. Besides, the builder also has to handover the apartment and its amenities to the Apartment Owners Association.

How do you make RWA?

Document Required for RWA Registration List of Body members (name, Full address, Occupation and Signature on the list). Address proof of all Body Members (Voter ID/Aadhar/Driving License). Address proof of Society Registered Address (Utility Bill/ Rent agreement with NOC from Owner). PAN card of all Body members.

Who can form RWA?

The developer and residents can mutually call for an annual general body meeting to form an RWA. The Societies Registration Act 1860 mandates that at least 10 members should give their names to the memorandum of association, who will occupy posts in the management body.