In the last decade,
instead of going for a flat
in a Single /Stand alone building, most
home buyers opted for a flat
in a Big Complex
considering the surge of amenities
provided by builders/ developers.
Adv. R. P. Rathod says
that it's important for the home buyers
to realize
the Legal ramifications
of living in a Housing Complex which are no
doubt unique
in nature. Incidentally, all the flat buyers
in Maharashtra,
whether buying a house
in a single building or in a big Complex,
are covered by the Maharashtra Flat
Ownership Act 1963.
Showing posts with label Rights of Flat Purchasers. Show all posts
Showing posts with label Rights of Flat Purchasers. Show all posts
Buyers Beware; TDS is being made compulsory on the Immovable Property Sale w.e.f. 1st October 2012. an analysis by Adv. R. P. Rathod.
The Finance Minister
Mr. Pranab Mukherjee’s have proposed
an amendment to the Income Tax Laws thereby requiring home buyers to deduct 1% on the Sale Consideration or the value adopted
by the Govt.
for levy of Stamp
Duty whichever is higher
as Tax Deducted at Source (TDS). Adv. R.
P. Rathod. states if this proposal is enacted it would be yet another
hard blow on the already
suffering Real
Estate Sector.
Lokhandwala Construction company, ordered by the Consumer Disputes Redressal Commission to pay a Sion resident Rs. 25 lakh towards Compensation
In an recent Order passed
by the Consumer
Disputes Redressal Commission, the forum have held Lokhandwala
Constructions liable for “Deficiency in Service” & have ordered them to pay Rs 25 lakh as compensation
to the Complainant. An analysis of the said order by Adv. R. P. Rathod.
Adv. R.
P. Rathod. says that in this matter the Complainant
Mr. Bala. Ayer., had alleged that Lokhandwala Constructions sold-off the Flat to
a third party for which he had paid Rs 43.7 lakh.
Gujarat Builders ordered to pay Rs. 14 Crore after the building collapsed in an Earthquake
Is your Building Earthquake proof? Read this. . .
A Landmark Judgment has been passed by the Gujarat
State Consumer Disputes Redressal Commission, S. G. Highway,
Gota, Ahmedabad granting compensation
to the residents
after the building
collapsed in an earthquake,
in-depth analysis by Adv. R. P. Rathod.
After a long fight
of more than ELEVEN
YEARS for justice, 40 Flat
purchasers of Sangemarmar
Apartments, which collapsed
during the earthquake of 2001 at Ahmedabad, will
receive compensation
from the builders who are held responsible
for the tragedy says Adv. R. P. Rathod.
Societies cannot refuse membership to those who are eligible
Adv. R. P. Rathod., throws light on the Laws
and Procedures that govern transfers of Flat.
Transfer of membership in a society is common enough, but many times it gets entangled in disputes sometimes because the concerned parties have not completed the formalities, and at other times because of wrong interpretations of the laws and procedures says Adv. R. P. Rathod.
Transfer of membership in a society is common enough, but many times it gets entangled in disputes sometimes because the concerned parties have not completed the formalities, and at other times because of wrong interpretations of the laws and procedures says Adv. R. P. Rathod.
Section 22 of the Maharashtra Co-operative Societies Act, 1960
lists the categories of persons who can
be members of a society.