Respected Lawyers,
I bought a flat. The project was redevelopment of a society. So the old society with existing members before redevelopment as an entity exists even though a new structure is built. I will be induced as a new member now.
Builder said right at the time of giving cost estimates that I will have to pay sum of flat area x 90 to the society towards membership / formation or something like that.
Is this normal as a standard procedure w.r.t. real estate/bye laws or whatever applicable? I will be issuing a cheque in favour of the society, so it's essentially getting recorded as a bank transaction.
Thanks and kind regards.