Builder to pay Buyer Rs 1.5 Lakhs for delay of 9 months in handing over possession.

In a recent Court Ruling - Developer gives buyer apartments 9 months late, with incomplete documents, no Electricity or Water Connection

An Analysis of the said Judgment the passed by the State Consumer Disputes Redressal Forum by Adv. R. P. Rathod.

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Benefits of Housing Co-operatives – A Co-operative Guide

There are two main types of Housing Co-operative, non-profit and for-profit. While this guide does not look at the differences between the two, many provinces require that housing co-ops operate on a non-profit basis. If the co-op is non-profit, members cannot sell their shares in the co-op. In for-profit housing co-operatives, members own a share of the co-op, but not the individual unit they live in.

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Basic differences between a Condominium Apartment, a Co-operative Society and an Company

Here I have tried to list some of the basic differences between the ownership of flats under MAOA, Co-operative Societies & Companies Act says Adv. R. P. Rathod.

Ø   The Maharashtra Apartment Ownership Act, 1970 is, as its preamble states, an Act to provide for the ownership of an individual apartment in a building and to make such apartment heritable and transferable property. Heritability and transferability of the apartment is the basic feature of holding the property governed by this Act, which distinguishes it from holding the property governed by the Co-operative Societies Act or the Companies Act. The entities are as under:

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