Latest Answer: 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. You can read more about it at http://www.commonfloor.com/articles/role-of-apartment-owners-association-in-apartment-handover-from-builder-5986.html
