I am about to sign an agreement for buying an appartment in Bangalore.
There is below claws in the agreement
" The purchaser agreed that the terrace of the proposed construction shall
remain under the control of the developer and that only the developer shall
always have the sole rights to display advertisements or hoarding on the
terrace of the proposed construction either of their own or any third party
and shall be exclusively entitled to any income that may be derived from the
same till formation of the residents association and handing over of the
maintenance activities by the developer to the governing body of the duly
formed Association after the handing over of the maintenance rights to the
Association the revenues shall be shared by the developers and the
Association on mutually agreed terms."
How can we agree to give terrace control to builder. More over if he gets future approval then he can construct further floors. And we have to share undivided land and aminities.
This is not acceptable, is there any law regarding this in karnataka?
