I am planning to buy a resale flat in the Registered Co-Op-Hsg Soc. in the western suburb of mumbai. The society has been registered since 2006. The conveyance deed has not been executed in favour of the society by the builder. so i want to know what is the implication/ legal consequnces of the same. is it ok to purchase the flat in such society?
18 August 2009
yes. its perfectly fine. keep in mind that there is a difference between a society and a co-operative society. co-operative societies are formed under the co-operative society act and any such development by the co-operative society exists on the co-operative society n's name. you shall be a bona fide member of the same with allotment of that flat.