Car and two-wheeler parking in residential areas has become one of the top priorities for homeowners and even tenants. An adequately allotted parking space can help avoid disputes and disagreements among the residents.
Every member of a cooperative housing society (CHS) has an equal right and should be able to access and examine the Society s documents, which are maintained by the managing committee of the Society.
Among the various expenses that home buyers have to bear are the transfer charges that cooperative housing societies (CHS) levy on the sale and transfer of shares to the flats in a building. A transfer premium, which ranges anywhere from Rs25,000 to even a percentage of the purchase consideration for the sale of the apartment, depending on the city or state, has to be paid to the Society. It applies to both residential and commercial premises with a few conditions.
Certain procedures and compliance requirements must be met for a building under construction before documents such as an intimation of disapproval (IOD) or commencement certificate (CC) are issued by the municipal corporation.
Using a residential property for commercial purposes has become a common practice for earning additional income. For some, converting a residential flat into an office space is also an excellent way to boost business. However, you can only use your flat for commercial purposes if your society management and local municipality zoning rules permit you.