Deed of declaration is from the builder's side who shall have control over the entire building/apartments, where when a society is formed, the members will have full control over it, hence any one only shall remain.
[Subject to the provisions of the second proviso to section 2 of this Act, each apartment], together with its undivided interest in the common areas and facilities, appurtenant to such apartment, shall for all purposes constitute heritable and transferable immovable property within the meaning of any law for the time being in force in the State;
and accordingly, an apartment owner may transfer his apartment and the percentage of undivided interest in the common areas and facilities appurtenant to such apartment by way of sale, mortgage, lease, gift, exchange or in any other manner whatsoever in the same manner, to the same extent and subject to the same rights, privileges, obligations, liabilities, investigations, legal proceedings, remedies and to penalty, forfeiture and punishment as any other immovable property, or make a bequest of the same under the laws applicable to the transfer and succession of immovable property.
Flat owners facing opposition from builders in forming cooperative societies can take heart from a recent verdict by divisional joint registrar of .cooperative housing societies which overruled a builder's objections and permitted residents of a housing scheme to establish a co-operative society.
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