Apartment Owner Association is a statutory body that manages and operates all common resources and amenities. Handover from builder is vital after formation of Apartment Owner Associations or Co-operative housing society for the apartment. A builder is supposed to form a housing society within four months of the sale of 60 per cent flats. If [...]
handover from builder
Articles and Resources about handover from builder
Role of Apartment Owners Association in Apartment Handover from Builder
Tuesday, July 5th, 2011Take Over Maintenance from Builder
Tuesday, July 5th, 2011Increasing land cost discourages middle or low income people to own an individual house in a prime locality. The growing apartment culture in cities and increasing property value encourage property buyers to invest in apartment or flats. Every apartment complex has its own apartment owners association or housing society to maintain the apartment and its [...]
Checklist for Handover from Builder to Owners Association
Friday, June 18th, 2010Each apartment complex has its own apartment owners association for maintenance of apartment and its amenities. But before formation of apartment owners association, it is duty of builder to maintain the apartment and its amenities. Most developers provide a corpus fund for maintenance of apartment and its amenities. The maintenance will be carried out by [...]
