Hello,
I am from Goa and I would like to know if I am buying a flat in a cooperative housing society, and the land belongs to the builder, does that limit my ownership? And should I negotiate further on the price of that flat since my ownership is only limited to the flat? Also, once I get possession, what all areas legally belong to me besides my flat, as in corridor, stairs, parking, etc? I have been told that in a cooperative housing society all these commonly belong to the flat owners, but my question is every flat owner will have varying size of the flat, like for example; I may have 50 sq.mt. and my neighbor may have 70 sq.mt., so does it still mean we have equal rights to all the common areas? I would like your kind advise on this, its urgent please.
Thanks and regards,
Ramona.
