What is the role of a builder, promoter in group housing complex?
After completion of the housing project the builder should facilitate the formation of association of apartment owners and convey the property along with undivided shares in the land to the Purchasers.
A project is said to be complete, when the construction is complete as per the plan along with the external walls in the side, necessary services like power, water and sewerage are provided to each apartment and occupancy certificate is obtained from the City Corporation or other authorities.
The builder should hand over the project to the association after the building is complete in every respect. The builder should also hand over the original title deeds of the property, approved plans, approvals received from other agencies like water supply, power etc., to the association.