Since last few weeks I along with my friends is searching for a flat in and around Hadapsar in Pune. We came across various ongoing and completed projects where everybody was charging a huge amount for society formation, but at some projects the charges were too less and it was named under Apartment formation instead of society formation. Then we asked to the builder is there a difference between an Apartment and Society initially the builder was reluctant to explain the difference and he was saying that it is same. After our insistance and pointing out that the amount for apartment formation is very less as compare to that for the Society formation in other projects, then he explained that
1) Once a society is formed all the flat owners has the final right on the open space in the project and builder can't intervene afterwards
2) In case of an apartment builder has the right on the open space and in future he can contsruct any shops or any other contruction without bothering about the flat owners in an apartment
3) Society formation is little lengthier process and it needs all the documets from the Builder to be clear such as if the Plot was NA or not etc.
This was the little info which I could gather by interacting with various Builders and thought of putting it here because when I search on the Internet I couldn't found any useful info in this regard. Hope this will help to some of you guys........
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12 comments:
That was useful info
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Hello. And Bye.
whats up everyone
Just saying hello while I read through the posts
hopefully this is just what im looking for looks like i have a lot to read.
i just got to know that u need at least 11 owners to be able to form a society... and society and co-operative society are one and the same thing
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