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Showing posts from March, 2013

Problems faced by flat owners of a new building in Maharashtra

Here I am going take up one of the major issue that every society faces, at the time of its incorporation.

Over last many years I have noticed that Builders make the building but fail miserably in handing over charge of the Proposed society to the newly formed Society. Normally there is a gap of about 6 months to 2-3 years between when a builder starts giving possession of the flats to the buyers and formation of Society. During this interim period Builder starts collection of maintenance charge from the flat purchasers in the name of the Proposed Society. And separate accounts are maintained by the builder in the name of Proposed Society (PS).

But, in most of the cases, at the time of handing over possession of the building to the newly formed Society, builder does not give any accounts of the money collected and spent in the name of the PS. Also, builder ensures that there is no money left in the bank account of PS. Only thing builder hands over to the society is details of money co…