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Real Estate Forum on Kochi Flat Ownership Issues

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: Hey, I am Rajesh and I want to know more about the new intervention by the court about the flat owners' registration rights. there was a news recently about this. Can anyone explain it here?
Latest Answer: In the new ruling, you know, the court ordered the government to provide register to all the sub-registrars for the registration as per the Act within three months. Moreover, the court has directed the inspector general of registration to order sub registrars to allow registration as per the act and record it in the book One that is kept according to the Registration Act until the government provides registers.
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Q: Hi there, Hi, Rajesh here. Is there any legitimate information about the legal issues that are going on between the Builders and apartment owners in Kochi. Can anyone give their opinion about this?
Latest Answer: Now, one more thing, you know, as the builders do not complete their work on time, the banks with which they have approvals do not allot the loan amount. This is because, the banks allot fund only after the completion of each phase of the project. Such a problem is worst for the NRIs, because most of these flat owners are NRI's and they visit Kerala once only in a year. there is difficulty in monitoring and following the construction process. I also agree that there should be a monitoring authority for this.
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