500 apartments were built in about 10 acres of land ; their built up area varies, as some are 1 bed (500sft), some are 2, 3 or 4 bed apartments (3000sft). The entire built up area, about 10 lac sft, is available for sale.
The question is how to calculate the Undivided Share of Land.
Q1: Is it true that entire land (10ac=48400sq yd) has to be conveyed to the apartment owners (10,00,000 sft built up) ?
Q2: Is the land divided based on built up area? That is, a single bed apt 500 sft will get 500 x 48400 / 1000000 = 24.2sqyd; or is there any other way of dividing the land such that some apartment owners can get more and some other apartment owners less?