Transfer of common areas to Association of Alottees under RERA Section 17 - Karnataka

[M S SHANKAR- Fight For RERA - Karnataka Chapter]

Hi All

We would request feed back and suggestion on Transfer of common areas to Association of Alotees under RERA Section 17, as Karnataka RERA is working on this topic to find suitable modalities.

 

There was a meeting convened yesterday, 28^th August 2019  by KRERA authorities where in various Builder community were present and KRERA authorities requested suitable suggestions and feedback on the subject.

 

The Section 17  of RERA Act is re-produced here:

 

Section 17. (1) The promoter shall execute a registered conveyance deed in favour of the allottee along with the undivided proportionate title in the common areas to the association of the allottees or the competent authority, as the case may be, and hand over the physical possession of the plot, apartment of building, as the case may be, to the allottees and the common areas to the association of the allottees or the competent authority, as the case may be, in a real estate project, and the other title documents pertaining thereto within specified period as per sanctioned plans as provided under the local laws:

 

Provided that, in the absence of any local law, conveyance deed in favour of the allottee or the association of the allottees or the competent authority, as the case may be, under this section shall be carried out by the promoter within three months from date of issue of occupancy certificate.

 

 Please reach your feed back and suggestion ASAP and not later than 3^rd September 2019, to enable us to consolidate and submit the same of KRERA  Authorities.