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Tuesday, September 12, 2017

Good news for Townships like Blue Ridge, Life Republic & Association of Apartments

No builder can stop you from forming a Co-Operative Housing Society & becoming the true owner of your property!

Caged in an Association of Apartments or 100 + acre Township? Palladium Grand shows how you can form a Co-Operative Housing Society & become the true owner of your scheme!

After paying lakhs of rupees, you don't have to live like a tenant of a developer of a special township. Like Blue Ridge Hinjewadi, Life Republic Marunji, etc.

You can free yourself from the 'Association of Apartments' formed by the builder. Like Ivy Estate Wagholi.

By referring to the recent order of The District Deputy Registrar, Cooperative Societies, Pune,
the property owners in these 'Integrated Special Townships' & 'Association of Apartments'
can form their own 'Co-Operative Housing Society'.

Not only that!

In the current MahaRERA regime, while signing 'Agreement to Sale',
the flat buyers must insist that the builder must mention in the agreement that he will form a 'Co-Operative Housing Society'.

"Society or Limited Company" - MahaRERA mentions in it's model agreement - is not done.
The agreement can not be vague about formation of Co-Operative Housing Society.
There must be a crystal clear commitment to form a Co-Operative Housing Society. Like the agreement of Siyona at Punawale. Have a look:

What is so great about this order?

1) Right to Form Co-Operative Society:

According to the 97th amendment to Constitution of India "Right to Form Co-Operative Society" is the "Fundamental Right" of the Indian Citizens. That's why no builder can refuse to form a Co-Operative Housing Society if the flat owners demand it.

Referring to this The DDR gave order in favor of Palladium Grand flat buyers to form a Co-Operative Housing Society and refused to let the builder to form an Association of Apartments.

2) The builder is not the only owner of an ownership flats scheme:

When a builder starts accepting bookings in an ownership flats scheme, he doesn't remain the sole owner of that project.

The flat owners also become the owners of that project.

That's why the builder cannot take a decision as per his wish & convenience.

The builder cannot force "Association of Apartments" / "Limited Company" on the ownership flat buyers.

It is builder's duty - an obligation - to form a legal entity which will take care of the management of the housing scheme.

But the builder has no right to decide what that legal entity would be.

Only the flat owners can decide what they want.

Based on this principle, The DDR gave order in favour of Palladium Grand flat owners. The result is, after 8 years of struggle with the builder, they could form Palladium Grand Co-Operative Housing Society Ltd., Dhanori, Pune 411 015.

In these video interviews, the leaders of Palladium Grand flat owners, Dr. Vishwas Chavan (Marathi), Mr. Lalan Singh (Hindi) & Mr. Bimal Kishore Sinha (Hindi) share the secrets of their success and give valuable tips to the flat buyers who are caged in special townships & association of apartments.

Not only that!

They are ready to guide you in your struggle to form a Co-Operative Housing Society and become the true owner of your property!

Feel free to contact Dr. Vishwas Chavan on 91 77699 78484.

Related Marathi Video Interviews:

1) Co-Operative Housing Society v/s Association of Apartments:

2) Forming Co-Operative Housing Society is Fundamental Right:

Related Stories:

1) Blue Ridge Hinjewadi Flat Owners Grievances

2) Homeowners to Own & Professionals to Manage - Mr. Satish Magar on Ownership & Management of Nanded City Pune:

3) Owner or Tenant? - Are you an "Owner" or the "Kirayedar - भाडेकरू" of Special Township?

4) Why Co-Operative Housing Society? - How & why forming a Co-Operative Housing Society is beneficial for the flat buyers than an Association of Apartments -
explains Mrs. Seematai Bhakare, Director, Pune District Co-Operative Housing Federation Ltd. - पुणे जिल्हा सहकारी गृहनिर्माण महासंघ मर्या.

5) Regulator for co-operative housing societies?

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1 comment:

  1. Ravi,
    Though this is a welcome step, there are some other issues involved especially incase of townships.
    Eg. Megapolis is built on leased land of MIDC. What is process in such cases where flat buyer can proceed for deemed society formation on MIDC land ? Similarly, Amanora is also on leased land, so how will conveyance deed take place ?

    On financial issues, builders of townships take either one time maintenance amount like Magarpatta or Nanded City or monthly/yearly like incase of Blue Ridge, Amanora. The maintenance amount consists of maintenance work of the building/project as well as common amenities outside the complex. When society is formed, who will decide who will decide how much should be the maintenance amount & how much will be spent on maintaining of common amenities outside the complex ? Conveyance deed is another critical part as the commercial properties in most cases are owned by builder & given on lease to private firms. So again, survey number by part needs to be conducted & accordingly things need to process from registrar & talathi office.

    So for townships, this is complicated issue & it will be nice if you can answer the township questions above, but for regular projects, this is indeed a right move.