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Shekar (CEO)     09 August 2011

Apartment - meaning of share of undivided interest

Dear Sir,

I'm in the process of finalizing an Apartment in Bangalore. In the draft Agreement of sale I found the following write up under Schedule-B.

Quote:

SCHEDULE-B

(Property conveyed under this agreement)

609 sft share of undivided interest in the Schedule-A property equivalent to 1438 sft. Super built-up area with a right to own Schedule-C Flat which is the specific subject matter agreed to be conveyed herein which is being the owner's share under the joint development agreement with the Standards and specifications listed.

Unquote

May I know what exactly does "share of undivided interest" mean. Hope 609 sft is not the carpet area.

Regards,

Shekar



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