builder is cheating flat buyers

Q: this builder is not forming co. op. society of residents instead he is registering apartment deeds with only 30% ownership rights by taking 100% of money from flat buyers.

dadasaheb kardile,

10th December 2014

Legal in Pune

legal issues

kate builders

kate puram ph-2

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Replies (4)

yes according to law he can opt for the apartments or society, but previously while booking the flat he has told that he will form a society and now he is registering apartment deeds of few flat owners.
in that deed the percent of ownership is 30% and not 100% isn't this a cheating as he has taken whole flat value from us and now why he is just giving us only 30% ownership rights through a apartment deeds ?

dadasaheb kardile,

11th December 2014

Comment

As far as developers track record is concerned Kate builder is one of the famous builders contributing to the excellence in construction and architecture. This builder has a good track record in making the dreams of people true by offering various residential developments. This builder offers various residents with excellence in architectural designs, interiors & exteriors, constructional features, modern techniques implemented with newer technologies and expertisation.

Some of their ongoing projects are Kate Puram Phase-2, Hollyhock City and Eastern Royale in Lohegaon.

Vinay Sharma, Pune

11th December 2014

Comment

Hi,
As soon as builder sold the apartment it has to be register and sale deed has to be executed in favour of the apartment owner and it is compulsory. Otherwise apartment owner can not be owner and secondly it is mandatory for the builder to form an association and it is mandatory to become member of the association and you can file a complaint for deficiency of service.

Siddharth Rana, Pune

11th December 2014

Comment

Hi,
Developer of flat is required to transfer it to the registered association, co-operative society or company of buyers of flats within the period of agreement. He should also try for formation of such association, co-operative society or company within prescribed period.
Formats are provided in the 'Act' for registration of flats. They may be registered after prescribed stamp duty is paid.
Registration is compulsory. A purchaser will not get ownership title to the flat without registration.

Nitesh Patil, Pune

11th December 2014

Comment