selling parking area as independent units
As per an order issued by the state cooperative department, the society will have the right to allot parking lots and similar open spaces. The order was issued based on a Supreme Court (SC) verdict, which had come down heavily on the sale of the parking lots by builders, a practice the SC termed ‘illegal’. [...] Continue Reading »
The Sept 1 Supreme Court ruling prohibits builders from selling parking area as independent units to flat buyers. A division bench of Supreme Court has ruled that builders cannot sell parking areas in the stilt area as independent units as the same is to be extended as ‘common areas and facilities’ for the owners. Builders, [...] Continue Reading »
