649+ Lawyers are online 
Undivided share or share certificate concept applicability
08-Sep-2023 (In Property Law)
I have booked apt, the agreement does mention anything about the land share or UDS or share certificate. It only says a housing society or federation will be formed which i can register . The builder says no concept of uds or share certificate in Goa. my query is this answer by the builder correct ? if there is no uds or share certificate 50 years down the line if the apartment is demolished what happens to my apartment as i am comiting lots of money , does the land goes back to the developer . Also , this joint development project between landowner & the builder.
Sale without mentioning uds or without stating the whether final sale deed or share certificate will be issued on completion is calling for trouble. Pls let don't let the builder fool u. I have only one question if there is no uds or share certificate what will u transfer if u intend to sell the flat in future...without these basic safeguards there can be no valid purchase and no valid transfer
Helpful?
44+
44+
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Property lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
