when someone get UDS? what are the conditions to get UDS?
Q: i want to know when I will get UDS if i'm buying ready flat. Where will be the details mentioned about my UDS ? While doing agreement , does builder provide any document about UDS?
Hi Awar!!! The UDS is based on the % of the super built up area of the apartment to the total super built-up area of all the flats. For example, if 4 equally sized apartments of 1000 sq-ft were built on one ground of land which measures 2400 sq-ft, the UDS will be calculated as below: UDS = Super built-up area of individual flat / Sum of all flats’ built-up area X Total land area UDS = 1000 X 2400 / 4000 UDS of individual flat = 800 sq-ft.
Hi, I am agree with both of you. In a flat system, it is necessary to check the undivided share (UDS) which will determine the value of the property. While buying an apartment in a multistory residential complex, we carefully analyses the carpet area, built up area and super built up area but the ownership doesn’t depend on the flat area but the undivided land share.
The price appreciation of the property is the actual appreciation of the land and not the building, so the property price depends on the undivided share.
Hi Suraj!!! I have bought a flat in Wagholi, Pune but i didn't ask the builder for UDS before registration of the property. Will it be mentioned in my agreement? Why is it so important document?
@Keshav... It helps us in case of natural disaster like an earthquake, building collapse or if govt. wants to acquire the property for a public project and even if the apartment society wants to redevelop the property after decades, the building will be demolished and only the undivided share of land matters.
So, it is crucial to understand your undivided share in a multi-storey residential project. The sum of all the undivided shares must be equal to the size of the land in which the apartments are constructed.
@Suraj, You mean the more UDS one buys, the better value for money in future. But i read that in case of co-operative societies, the UDs will be in the name of the society as the flat owners are the share holders of the society. Otherwise, the flat owners should check their share of UDS in the sales agreement.
Hi Kiran!! If you are buying a ready-to-move flat, then you have to ask the builder about the UDS before registration. It is a required documents to avoid fraudulent deals and to be cautious, one can check the undivided share mentioned in the agreement before registration.
It is builders' duty to provide you the details of UDS but some builders will be unwilling to show the agreement copy; instead they share some other agreement copy during site visits.
@Shrabani... But it is seen that Indian home buyers concentrate on flat area and clueless about the actual land ownership - Undivided share of land. The property appreciation depends on the land value (UDS) and not the concrete building. It is important to understand and ensure the UDS of the individual flat before buying it or registering the flat.