Builder owns most of the Villas, will HOA help in
I bought a villa in a gated community of 30 villas in Bangalore. Builder has sold only 12 villas and are not selling the remaining 18 Villas. They plan to use the remaining 18 villas for Paying Guest Accomodation.
Is there any benefit of forming the House Owners Association? As majority of the villas are owned by the builder, so, all important HOA decisions will be voted in builders's favor.
Is there any way, the 12 owners have a say in making important decisions.
Asked 3 years ago in Property Law from Bangalore, Karnataka
what are terms and conditions of your agreement with the builder . please clarify . you can explore feasibility of forming cooperative housing society
Forming a housing society to manage the affairs of the 12 villa owners has no nexus with the fact that remaining 18 villa owners have not been sold by the builder.