nitin 01 November 2017
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 01 November 2017
As per the sale agreement and sale deed conditions, the builder is supposed to form the association or housing society within four months of sale of 60 per cent of flats. The association is then to be handed over to the owners’ association. If the builder fails to form and register a society, the residents can form the association on their own.
Formation of the association is a vital task and apartment owners or residents need to be aware of all the related laws and regulations. The onus lies on the residents to enrol themselves as members of the association or cooperative housing society to safeguard their rights and titles.