apartment act
DEVENDRA
(Querist) 01 January 2010
This query is : Resolved
In Maharashtra, there are two sourecs in cse of building viz. housing societies and apartments. In case of societies, the land under the building transfers in the name of society by way of registered conveyance deed. But what is the position in case of apartment ? How the land below the building conveys and in whose name ?
A V Vishal
(Expert) 01 January 2010
The land on which the building is raised forms the undivided share of each apartment owner and the same is conveyed to them in the sale deed.
Raj Kumar Makkad
(Expert) 01 January 2010
In case of apartment, conveyance-deed or sale-deed is executed in favour of individual owner and land forms part of it.