Q:Has any one signed on the MOU and Agreements of HOH projects? Have you seen the clauses for delayed delivery? Monthly payment of Rs 3/- per sqft of the saleable area after 6 months grace period!? Is this normal? All builders have this sort of thing?
Latest Answer: I have inquired about the project, it is on Attibele-Anekal road, which is in close proximity and with easy access to Electronic city, Bannerghatta Road, Jigani Industrial Area and Hosur. The project is approved by BMRDA vide Approval No. APA/LAO/047/2012-13 dated 19/02/2013.
The project offers plots size ranging from 30x40, 30x50, 40x60 and odd sizes. There will be around 500 plots spread over 34 acres of land.
Q:I have purchased a BBMP A-Katha site and transferred the Katha to my name. I got the plan approval for construction and constructed the house very recently. Do I need to get Katha for house as is done for flats in apartment after completion of construction?
Q:The Picture is of Prestige Monte Carlo and not not Alisha Monte Carlo.Is the advertiser was in wrong advertising or is he misleading.. I am not sure if there is any property called Alisha Monte carlo in yelahanka
Latest Answer: Sarovara offer 2/3 BHK apartment with well connectivity from Hosur road. Ready to Move apartment with all approval from BBMP. As per my view one should invest in this project without any fear as builder rating is good . My friend book one unit in this project . no legal dispute is going on so go for this project if u have decide to buy this property.
Q:We intend to register our apartment association under THE KARNATAKA APARTMENT OWNERSHIP ACT, 1972.As far as sharing of common expenses are concerned, the proposal is to have a hybrid model, where day-day maintenance expenses which do not depend on the unit size (eg electricity bills, lift maintenance, landscaping etc) are to be divided on a per flat basis, while expenses which has relavance to the flat size (eg painting, structural repairs etc) are to be on a per sq.ft basis. We have incorporated the basis by a clear table in our by-laws.However, clause 10 of KAOA 1972, states that The common profits of the property shall be distributed among and the common expenses shall be charged to, the apartment owners according to the percentage of the undivided interest in the common areas and facilities.Now, my question is : Are our by-laws valid? is it in violation of law? How will our by-law affect the way we share profits when there is any redevelopment?regards,