I am staying in the building in Nagpur having 8 Tenemants/Owners the building is not yet registered under Maharashtra Ownership Act 1970 and the owners are not interested in doing the same as most of them are staying outstation. The builder had registered it through Deed of Declaration in the year 2002 but further process has not taken place that is Memorandum of Association and the Bye Laws.
I wish to know is it compulsory to register or is it ok for not doing so, what is the result of not doing so.
Please guide
Thanking you
Regards
Sulakshana Wanare