Do i get Land Share while buying an Apartment in the Land Underneath ?
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- เผยแพร่เมื่อ 7 ก.ย. 2024
- Usually while Purchasing an Apartment this is a Topic which does not get the Attention that it should.
What happens if at a Later time you want to sell the whole building with the other co-owners as piece and parcel of land , how does the entire consideration get divided among everyone ?
In an Act of God Situation where the building is Damaged beyond repair during an Earthquake , how does one divided the share of the property ?
Its Important to understand the Concept and pay attention while buying the intended Floor , whether it is Commercial or Residential
In a Co-operative Housing Society where members of the society has equal shares having equal share capital , is UDS equal for each member irrespective of area flat
More detailed video required on land share with cases
Please also make a video on 20 saal baad high rise society k flat ki kya value hogi & kya society flats rehne layak bhi honge specially talking about Noida NCR flats because yaha k flats ki quality me builders bhoot gadbaad karte hai..
Sure will work on the content and post a video soon , thanks for your input.
@@gulshanestateagentspvt.ltd788 if a plot owner constructed 4 floors and won't sell anyone than would he have to register all floor separately??
Thank you sir for this important information please make guides other topics in this subject like if builder provided a amenities in out side building area than who is owner of this I little bit of confused this matter please explain if possible sir
If a housing complex or a building is not registered but it’s on a share holdings basis, with the builder. Any issue buying flat in such buildings???
Hi sir, thanks for the video. Wanted to ask, if you own base floor flat , after Demolishment who owns it? Total flat owner above it? It is not a co operative society
मेरा एक question है 100 साल बाद 50 floor की बिल्डिंग टूटेगी to 50 floor के मालिक का क्या होगा 100 साल बाद.
Very informative sir. Please clear my doubt as i am very new in planning to buy a flat. What is the average life of the flat and what will happen when the building is demolished. Do the flat owners get any return.
The average life of an independent apartment in a stand alone building ( basement plus four floors ) should be around 20 to 30 years after which it starts to give away , usually then the building has to be renovated the front elevation , structure repair where required , major electricity wiring has to be inspected and changed , same goes for water pipelines and waste disposal pipelines. Building can only be demolished if there are any new bye laws come in force which benifit most of the building owners and demolishing and rebuilding can be a win win for everyone involved. Please call me at 9810101323 or send a audio note on whatsapp I will try to give you more insight on this. Hope you soon buy your dream apartment.
You will be having undivided share in plot area and must demolish your apartment after 30-40 years...any builder will take contract and build new apartment and give it to you free...also he pays your rent till construction completion...but he will build more stories of apartment than before
Thank you so much for the words..
Sir - can a builder (who constructed the building) keep a land share in the building (without any documentation) and without any physical ownership in the building?
english please?
If a housing complex or a building is not registered but it’s on a share holdings basis, with the builder. Any issue buying flat in such buildings???
Yes it's not a good idea , one such example is Sujan singh park near Khan market , as there is no registered title that gets transferred to you , you will only be a beneficial owner through an understanding of a company and no clear rights will be transferred to you in any way, hope this helps otherwise you can call me at 9810101323
@@gulshanestateagentspvt.ltd788 there is same issue with the Dimond District located in Domloor in Bangalore. The building is not registered, but everything looks and working fine for last 20 years. It has around 900 flats in it. And all are occupied and functional. Lawyer also said it’s ok to buy. But I was just worried about what if the place goes in to redevelopment? How will it affect our investment? And ho safe it will be for us as a flat owner .
Yes that is also one of the concerns , have you tried talking to a banker will they provide you a home loan on this property ?
@@gulshanestateagentspvt.ltd788 no the banks will not give lone . That’s not an issue. But I just want to be sure if I am investing money in that property my investment is secure.
If I were you I would go with the perspective of the bankers , I would personally advice you not to go forward with this investment.