Thinking of buying a flat in Nerul, in the gavthan area? It has CC and OC from Navi Mumbai Municipal Corporation but the society isn’t formed yet. The builder’s deposit seems overdue since the plinth was completed, but the certificate wasn’t obtained. Also, there are some changes in the approved plan. Is this a safe investment?

Apni Law
Apni Law
Law Forum › Category: Documentation › Thinking of buying a flat in Nerul, in the gavthan area? It has CC and OC from Navi Mumbai Municipal Corporation but the society isn’t formed yet. The builder’s deposit seems overdue since the plinth was completed, but the certificate wasn’t obtained. Also, there are some changes in the approved plan. Is this a safe investment?
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Apni Law Staff asked 2 years ago

Thinking of buying a flat in Nerul, in the gavthan area? It has CC and OC from Navi Mumbai Municipal Corporation but the society isn’t formed yet. The builder’s deposit seems overdue since the plinth was completed, but the certificate wasn’t obtained. Also, there are some changes in the approved plan. Is this a safe investment?

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Best Answer

Apni Law Staff answered 2 years ago

Investing in this flat carries significant risks. The lack of a formed society raises concerns about future management and maintenance. The overdue deposit and changes in the approved plan without the required certificate suggest potential legal complications and could impact your property rights.

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