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.
Enthralled
with the prospect of having Children's
Play grounds, Health Clubs, Swimming pools,
bus services and the other facility
in and around the Housing Complex,
very often buyers are
lured to opt for Complexes
which promise the stars
without realizing the Legal
ramifications which arise concurrently says Adv. R. P. Rathod.
Firstly,
as far as the conveyance
is concerned,
the builder
has to make conveyance
with respect to an individual society. As
per the provisions of Law, the Land
on which
the building
is standing, in additional to the land appurtenant
to it, shall be owned by the society
of one building only and
will be entitled to benefit from
that additional F.S.I.
Secondly,
in the case of Building Repairs, when separate
societies are created within one Housing Complex,
it works out to be a lot better
for the buyer. In case a particular
society's members fail to pay up
the rest of the buildings'
members don't have to suffer as a consequence.
Even in case, one society defaults in the payment
of Property Tax,
Municipal tax
and other Tariffs, the other societies
aren't affected, he adds.
As per
the provisions
of the MOFA 1963 it is the duty of a builder/
developer to register
a CHS
within a period
of 4 months as soon as 60%
of flats
are sold.
Now in case of a single
stand-alone building, it makes
sense to form one society, but in the case
of a Housing Complex, it's lot more
convenient
of forming
different societies of different wings.
Very often, the builder to save on a lot
of hassle &
money opts to form just one CHS
of all wings
in a Housing Complex. However Adv. R. P. Rathod
points out that, as per the rules
governing formation of CHS
it is mandatory that separate
societies should be formed of different wings.

To
Conclude
with he says that there are myriad benefits of living
in a Housing Complex as compared
to a single/ Stand-alone buildings, however the home buyers
need to realize the Legal Complications
that could arise from their decision.
It could be higher monthly outgoings
as compared
to single/ stand alone properties and repeated failure on the part
of these huge groups of home owners
to cater in the
case of a colossal complex.