I entered into an agreement with a developer on 01.04.1994 to put up an apartment complex on my property in Bull Temple Road, Basavanagudi, Bangalore which contained my share calle Owner's share in the completed complex as under. Quote "Whereas the owner herein desire to retain 50% undivided right and interest in the scheduled property and 50% undivided right and interest in the super built area and the apartment to be constructed thereon, together with 50% car parking area, saleable garden area and exclusive right for use of terrace area (hereinafter referred to as the owner's share) and has offered to sell balance 50% undivided right and interest in the schedule property (hereinafter referred to as the saleable undivided right and interest) together with the right to construct and own the remaining apartments thereon."Unquote. It is understood that the saleable undivided right and interest is consideration for the Developer towards his contribution and that he will also act as the builder and that he will act as the owner's agent to sell the said saleable part to finance the construction of the entire complex which is divided into two parts - one is the Owners share quoted above and the other is the balance portion left out after allocating the owner's share. The developer issued a letter dt 14.09.1997 confirming handing over 4 flats, terrace area with one room thereon and 50% of covered parking area in the basement to the east of the staircase lift area to the owner ie myself. The developer also sold four flats that came to his lot as 50% which is the balance flats - one flat was sold on 06.06.1997 with two garages ; second one with one garage on 17.06.1997 (both these flats were sold about three months ahead of completion in 14.09.1997); third one with one garage on 29.01.1999 and the fourth one with one garage on 26.11.2001. All these five garages which is called covered car parking space is in the basement to the west of the staircase lift area which is within the developers share. Now in April 2014, an association having only four owners (out of eight owners) has filed a suit against me in April 2014 saying that the terrace area and the garages are all common areas and that the owners share defined in the original development agreement dt 01.04.1994 is not valid. This is principally the dispute about which I am seeking advice.
Asked 8 years ago in Property Law
Religion: Hindu
The association which has been formed with only four owners ie 50% only (out of eight owners) and registered with the Registrar of Societies in July 2010 is the Plaintiff. The formation itself has been challenged for its maintainability on the grounds of sec 11 and 15 of the Karnataka Socities Act 1960 which mandates that within 18 months of formation ie before February 2012, a general body meeting should have been held and a new managing committe elected which alone can be said to be legally constituted. Whereas the present managing committee is the one nominated at the time of registering and according to Karnataka High Court decision, this body cannot be said to be legally constituted which cannot administer the affairs of the association. Please let me have your views on the maintainability of the suit filed by what I call as illegally formed association.
Asked 8 years ago
I donot want my question/answers to be published
Asked 8 years ago