Forming flat owners co-operative society under the karnataka co-operative societies act, 1959

ebag (Querist) 16 January 2015 This query is : Resolved
Many of us booked flats from a Builder which consist of 900 units and the construction is happening at snail pace even after 4 years.

Presently we have an Agreement to Sell for which we have paid stamp duty but the same agreement is not registered by the builder.

We would like to form a co-operative Society (Owners Association) under the THE KARNATAKA CO-OPERATIVE SOCIETIES ACT, 1959.

We have seen Many housing co-op societies who have bought the land themselves and done construction work through a builder.

But i have not found a Co-operative Society formed who actually bought flats from a builder and then later formed a Co-operative Society.

Is it possible to form a Co-operative society for our case. If so can any one give the model bye-law for this specific purpose.

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Isaac Gabriel (Expert) 17 January 2015
I tis not a legl query.Contact the Deputy
Registrar of Cooperative societies of the area for model bylaws and other formalities.

Guest (Expert) 17 January 2015
Well Advised by Expert Mr.Isaac Gabriel

Rajendra K Goyal (Expert) 18 January 2015
Consult local professional for copy of bye laws and other guidance.

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