propety handover

Articles and Resources about propety handover

Role of Apartment Owners Association in Apartment Handover from Builder

Tuesday, July 5th, 2011

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 and Corpus fund for Apartment maintenance

Friday, February 5th, 2010

The apartment owners association plays vital role in maintaining apartment and its amenities. But before the 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 builder collects maintenance fund from each buyer which [...]