Hello guy, I came across good article related to Apartment Owners Association. check it out to read...
https://www.commonfloor.com/guide/apartment-owners-association-a-helpful-hand-in-need-45411.html
Hyderabad is the most populous city of the South Indian state of Telangana. The city is regarded as a blend of traditionality with modernity.The city is administered by a nagar nigam called Greater Hyderabad Municipal Corporation (GHMC).
The apartment owners in India can voluntarily form an Apartment Owners Association for the maintenance of the apartment and its amenities. The association may or may not be registered. The registered association can enjoy all the legal benefits.
Hello Sanjay, Any seven or more persons associated with the Apartment Owners Association can register a society under the Andhra Pradesh and Telangana Societies Registration Act 2001, by subscribing their names to the memorandum of association.
Apartment Owner Association is a statutory body that manages and operates all common resources and amenities. A builder is supposed to form a housing society within four months of the sale of 60 per cent flats. Apartment owners can form an apartment owners association and apply to sub-registrar for registration of apartment owners association.
Hi Murli,
You can read more about it at http://www.commonfloor.com/articles/role-of-apartment-owners-association-in-apartment-handover-from-builder-5986.html