Legal Question in Real Estate Law in India

propert law

what is the difference bet'n condominium, co-operatie housing society and limitd company? Why share certificate is required in case of co-operatie housing society and Deed of declaration in case of condominium where as original shares of company in case of limited company?


Asked on 4/14/08, 2:44 am

3 Answers from Attorneys

Re: propert law

your query requires detailed reply,so,consult with details,professional charges are applicable.

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Answered on 4/16/08, 4:02 am
Shrichand Nahar S.V.Nahar, Advocate

Re: propert law

All these are the forms of common bodies of the purchasers of flats/units under the provisions of the Maharashtra Ownership Flats Act, 1963.

Requirements indicated in the query are requirements prescribed by law in respect of each of such common body.

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Answered on 4/14/08, 2:52 am
Homi Maratha N.N. Maratha & Co.-Advocates

Re: propert law

Your answer to your first query is herein mentioned. Let me first start with the differance between the above mentioned

(1) Condominium is a joint estate in which there is an indivudual rights of the property with undivided share

(2) CoOperative Housing Society is a society which has motive of making no profit no loss

(3) Limited Company has a motive for profit and losses share.

Please contact personally alongwith the details for further queries as the details mentioned are not enough to formulate right advice for you.

Professional charges are applicable.

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Answered on 4/14/08, 4:54 am


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