When a flat is constructed and it is in the end occupied, a small number of questions do the rounds within the new society. There are always general issues to be coordinated with the Developers regarding difficulty, repairs, handover and numerous such issues.
Generally, a group of owners comes mutually to manage on behalf of the society. For a time, I was one of them in our large flats situated near Whitefield in Bangalore. Among the many challenges we faced, one of the strongest questions to solution was on registering the owner’s union.
Today, if a society is lucky, the real estate developers register the union. If that does not done, the owners get together and do something about it themselves with the help of a legal representative. We spent years on this issue. Most legal representative in Bangalore, we approached propose of the listing of the owners union under the Karnataka Societies Act.
However, it turns out that the societies act is not the correct law to register a flat association. Section 3 of the societies act defines the many types of societies that can be listed under the act and none of them meet up the definition of a flat association.
We determined that the Karnataka Apartment Ownership Act is the right law. In fact, our contract for sale with Developer and registered sale deed enclosed copious references to the Apartment Ownership Act. However, the listing process seemed so complex and complicated that it seemed like a very frightening task.
At last, renaissance holdings complaints were taken back and investors were enjoying with the decision of builders which was useful for each one. Renaissance holding developers are the top projects to the buyers and this is all because of the expansion of Bangalore to a wider level.