Sathyarao, Apartment Resident
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What are the precautions to be taken while buying plots offered by housebuilding co operative socities.
Q: There are two attractively priced properties belonging to Health City promoted by health dept workers co-operative house building society and another by telecom employees co-operative housebuilding society.Concerned about the security of the money thet you pay to them without entering in to agreement to sell.

Latest Answer: There is no such precautions to take as these houses are from government and I do not think there will be an legal issues in this kind of projects. But to be on the safer side you can take help from your legal expert for checking the documents.

In case of buying a plot from housebuilding co op society without agreement to sell
Q: Health city Yelhanks-doddaballapur road.The scheme is attractive but the only concern is the security of money that accumulates with the society against which you only get a reciept and nothing more.


Security of monies paid
Q: As you do not get anything else except a receipt what is the security for the monies paid by members in case housebuilding societies.


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