Transfer apartment's land ownership from builder to association
RKP
(Querist) 18 August 2015
This query is : Resolved
In Mumbai apartments getting the apartment land named after owners society/association is called as deemed conveyance.
Is there any such law in bangalore for getting the apartment land named after the owners association?
What is getting the apartment land named after their society/association called as in Bangalore?
mr. snehal
(Expert) 18 August 2015
hi, first of all i would like to make clear that if you r thinking of bringing the land and building under the provisions of Karnataka Apartment Ownership Act then all the unit holders can file deed of declaration and if you want to form a co-operative society u have to proceed as the provisions of Karnataka Co-operative Societies Act or Karnataka Ownership Flat Act. Deemed conveyance is allowed only if developer is missing or he is not ready to execute deed of conveyance in favour of the society.
Hemant Agarwal
(Expert) 20 September 2015
1. Presently there is no provision for "deemed conveyance" in Karnataka.
2. However IF the Association or Society is duly registered, THEN the "Conveyance" of the land can be possible thru the Consumer Court (applicable all over India).
Keep Smiling .... Hemant Agarwal
Read Articles: http://hemantagarwal21.blogspot.in/?view=sidebar
RKP
(Querist) 20 September 2015
Thanks Mr. Hemant and Mr. Snehal for the replies.
