Final payment for house registration

Q: I have a question on the policy framed/followed by Skylark Mansions Pvt. Ltd. for their Esta project. As per them, they need full property cost+ one year advance maintenance+ one year advance sinking fund charges before they could initiate for the property registration.

From my perspective, if the full cost of the property has already been paid, the property should be registered to the property owner.

However, Skylark Mansions Pvt. Ltd. is adamant to receive one year maintenance cost and one year sinking fund cost apart from the already paid total property cost, to register the property though they don't have occupancy certificate(OC), and probably they are not going to have it at least for a year. Thus, we as owners of the apartments, can't live in our apartments legally after registration. However, they still force us to pay everything in advance whether we can live in it or not.

My question is: is it legal, if not how can we fight against it through a legal process? Your expert advice would be highly appreciated.

VIMAL JAISWAL, Apartment Resident

6th April 2015

Buying property in Whitefield Road, Bangalore

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Replies (1)

Hey Vimal, The builder cannot ask full property cost, one year advance maintenance+ one year advance sinking fund charges before registration of the property. More over the property does not have Occupancy Certificate which means there must be some deviation in the plan. Why dont you go for some other project in Whitefield?

Dushyant, Bangalore

6th April 2015

Comment

Occupancy Certificate is mandatory before you can start living in an apartment. It is illegal to occupy a flat if the document does not exist for that building. Unfortunately, many residential apartments are sold without it as many people, especially the first time buyers, are not aware of its requirement. I hope you know about the Campa Cola in Mumbai.

Armaan Saxena, Bangalore

6th April 2015

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Mahi garg, Bangalore

7th April 2015