The Economic Times News

Builder cant escape liability of club-house fire just because it handed over possession to apartment owners association, rules Karnataka RERA due to this reason

Builders cannot escape liability for damages by handing over possession if they fail to secure RERA-mandated insurance. Karnataka RERA has ruled that builders must provide insurance documents. If a builder fails to produce proof of insurance for a project, they will be responsible for repair costs. This ruling ensures accountability for builders and protects homeowners from unforeseen losses.