Entire Land and Building Must be Conveyed to Housing Society:
|Entire Land and Building Must be Conveyed to Housing Society|
The Bombay High Court (HC) recently clarified that the Promoter/Developer has no right to sell any portion of the building which is not a flat and the entire land and the building has to be conveyed to the society.
The only right which remains with the promoter is to sell unsold flats.
HC further observed that selling of common amenities like the basements, cellars, yards, gardens, parking areas and storage spaces is contrary to the development agreement and the provisions of development control regulations.
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