Q:this builder is not forming co. op. society of residents instead he is registering apartment deeds with only 30% ownership rights by taking 100% of money from flat buyers.
Latest Answer: yes according to law he can opt for the apartments or society, but previously while booking the flat he has told that he will form a society and now he is registering apartment deeds of few flat owners.
in that deed the percent of ownership is 30% and not 100% isn't this a cheating as he has taken whole flat value from us and now why he is just giving us only 30% ownership rights through a apartment deeds ?
