Q:I am planing to buy a 1460 sqft 2 bhk appt in VVR nest,just wanted to check on current price on the area and general feedback abt the appt ...the flat i m planing to buy in land owner flat ,will tat have any impact..also hows the construction quality and wat are the future appreciation changes of the property.
Latest Answer: Hi Mrinal,
I would like to suggest you do all your due diligence before booking you flat in VRR Nest, Hosur Road, Bangalore. Ask for all the legal approvals and verify it by a property lawyer. Better, if you visit the society and ask some owners who are residing in it. You can better idea.
Q:When we moved into an apartment, we paid the monthly maintenance based on the square feet of the flat to the builder. However, after forming the apartment residents' association, a few people are arguing that the maintenance charges should be equal for 2 BHK and 3 BHK flats. Can it be possible?I understand that maintenance cost determines the number of square feet one occupies and Undivided Share (UDS) that each apartment possesses. As a simple rule, 3 BHK will have an extra room and the UDS is more than the 2 BHK flat. So it should be based on the square feet each apartment has.The 3 BHK flat owners argue that even they have equal number of bathrooms compared to 2 BHK. Here the question is not only the bathroom. The extra room consumes the electricity when the DG is On, they use resources like water to maintain the extra room. The 3 BHK owners also pay the taxes based on the number of square feet they own. When it comes to the maintenance payment to the society, why should it be different?Please advise.Thanks,Madan
Latest Answer: Maintenance charges depend on square feet of each apartment or flat. Under this method, rate or fee varies depending on square feet owned by apartment owners. Larger the square feet owned, higher will be monthly maintenance fee. This is widely practiced in Apartment societies with different sizes of apartments. The general logic behind being that since you have bought the flat based of the sq. ft.area, you must pay the maintenance on the same basis.
Q:When is an association legally considered as the sole representative organisation of layout plot owners to interact with builder and government?how many/percentage of owners need to be members of the association for it to be considered valid representative organisation for that layout/community?What options are there for owners to be part of the association without having to be present while registering the association?
Latest Answer: A minimum of seven members are required to form an association. Out of these 7 members, you need to appoint office bearers and others to ensure that the Association is managed properly. There is a well researched article written on apartment association in Chennai, I am sharing the link with you, if you are interested you can check the link How To Form An Apartment Owners Association in Chennai?
Q:Hi, I am interested in knowing the popular method used to calculate maintenance fee for private garden or private terrace areas surrounding the penthouse.Is this charged at full or 1/3rd of the private area?
Q:I recently purchased an apartment from builder. The association has already been in existence for a few years and this was the last unit sold by the builder. Now, the association claims that I need to pay an entrance fee and fee for share certificate and builder needs to pay a transfer fee. Builder claims that none of these fees apply to this sale, because it's an original sale from the builder.Thoughts on who's right here?
Latest Answer: Since it is a first sale from the builder association has no right to collect the transfer fee or the fee for share certificate from you.You have the same right and liabilities which is applicable to all the apartment owners.
Q:I am a resident of Hiland Woods in Newtown. I would like to know contact details of the Facility Team or of a member of association as I have some query regarding compliance in running the association.