Hello Sir,
im planning to buy an ready to move in apartment in Bangalore,India and i understood from owner/builder of apartment that no association is formed yet. I also understood that almost 90% of apartment houses is occupied by families but still no association is formed. Does this non forming of association indicate some issues ? what can possibly be the reasons that association is not formed yet. im little confused. if i need to put in my hard earned money into this apartment which doesnt have an association, because if i face any issues in apartment like maintenance issues, water issues, power supply issues, i can never let it know to all unless there is an association. please let me know your thoughts
Also builders are not willing to give me a copy of Area Statement of BBMP approved plan, so that i can verify from my end if there are any deviations in their building plan, also when i ask for a copy of Occupancy certificate, they are saying that they are not planning to take that from BBMP. im not sure if i shud be investing in those kind of apartments, and what are the risks in investing in properties for which we dont have Occupancy certificate ?
Also i read in newspapers that many builders and owners are faking Khatha documents, given this situation how does a property buyer verify if the property documents are genuine and not faked documents ? any comments.
Also i was looking at options of buying independant houses and in many places owners mentioned that their house is not yet regularized by BBMP and when Akrama-Sakrama scheme is implemented it will be regularized. i read in a newspaper that Akrama-Sakrama scheme is only for property's where they have deviation in BBMP approved plan and actual working plan, and only in those cases Akrama-Sakrama scheme is applicable. Im little confused how Akrama-Sakrama scheme is applicable to these situations.
Please help me. im confused with all these questions, and stuck up and confused how to proceed in buying a property.
Please help me.
