When should the Builder form the Society of Home Buyers #realestatewithmayank #shorts #mayankagarwal

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When should the Builder form the Society of Home Buyers #realestatewithmayank #shorts #mayankagarwal

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Real Estate With Mayank

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As per section 11 (4)(e) of RERA, it is the promoter’s or the builder’s responsibility and duty to enable the formation of an association or society or co-operative society of allottees. In the absence of local laws, the association or society of allottees shall be formed within a period of 3 months from the date on which 51% of the total number of allottees in such a building or wing have booked their apartments.

PS : Please note that i have used non-legal and simple jargon in my reel so that the common layman can understand the concept in an easier way.

✅ Share this with anyone looking to buy a property right now!

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Uploaded At Nov 13, 2023 ^^

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RYD date created : 2023-11-13T13:20:08.526901Z
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