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Real Estate Forum on Legal in Bangalore

Real Estate Property Discussion Forum and Guide to Real Estate Queries in Bangalore

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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: Morte carlo is the project of prestige but it is marketed by Alish project pvt ltd so as per advertising is concern it is marketing policy of both company.
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Q: are all clearences like BDA, environmental, NOC from BWssb, available
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.
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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,
Latest Answer: Hello Ganesh, there is a well researched article written on it, You can read the article by clicking on the given link:The Karnataka Apartment Ownership Act, 1972
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Q: Hi I have booked a plot from a builder by paying token advance and and want to do the Sale Agreemenrt now ? How the Sale Agreement is writen ? Is it in Stamp paper ? And should we also register the Sale Agreement ? If it is not registered then it wont be considered during legal issues ? Please advise.
Latest Answer: Hi, Sale Agreement will be prepared on Stamp paper. Registering the agreement is always safe if any legal issues raise in future. Generally All reputed builders will collect the amount from unit owner towards registering sale agreement. Regds, Dev Mob: 8861214913
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Q: Hi , we have 30 flats in our apartment, we need to form an association, can we register under "Register of societies"? I came to know from one lawyer, Karnataka govt stopped registering under this,is it true? or please let us know under which we need to register

Regards,
Praveen
Latest Answer: Hey Praveen, There is a very good article written on a website, you can click on the given link to read the artclie and get an idea about how to form an apartment association Formation of Apartment Owners Association, Bangalore-Karnataka
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Q: I am told that it is A Katha and it is fine and should not be too much trouble to convert to B Katha. It is a 5 to 6 year old apartment and was wondering how flat sales happening with A Katha and is it ok to purchase.
Latest Answer: Sorry i got it the other way round the property is currently B Katha, and they are paying proprty tax etc but not A Katha.
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Q: Looks like it is a big trap for the buyers. there is no clear road to the project but selling is going on. Can someone explain how they got the permission?
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Latest Answer: You can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirements to get matching properties details on your Email and Mobile.
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Q: Please tell me if society formation fee needs to be paid to apartment association in case of ownership transfer from mother to daughter even though I am not moving to the property. My mother will still live there. Bye Law says Rs 10 but they changed formation fee to 15k in a committee meeting without changing the Bye Law and forced it upon us
Latest Answer: The bye-law would also mention that a revision on the quantum of the fee to be collected may be made by a resolution of the association/society meeting, it is binding on all the members to abide by the resolution.
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Q: Hi, I'm planning to buy an apartment in Alpine Viva. However I get to know that, there are property issues, as a peripheral road is planned in the same property. It seems some part of the property or even apartments will be under scanner.

Q1 - Is this true?
Q2 - Has the builder got the approvals?
Q3 - Has any of the owners seen or validated this claim by the builder?
Latest Answer: Hi Hanif, I went to see this and couple of other apartments with a Real estate consultants (not agents). They were not willing to show any properties close to this area. Also, I went through the various online forums. Just google for Alpine legal issues and Alpine Viva/Eco owners forums.
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