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Can Your Parking Space be Sold by the Developer?

The parking spot is the exceptional need in show times and the engineers on occasion exploit the need and endeavor to acquire some cash by offering their parking spot to the home purchasers. http://www.favista.com/blog/2018/03/19/can-parking-space-sold-developer/

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Can Your Parking Space be Sold by the Developer?

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  1. O^^€ Q Menu ▼ Can Your Parking Space be Sold by the Developer? ©March 19, 2018 &Real Estate #bought the parking slot,car park design, get the money back, india property blogs, parking lot design, parking lot designstandards, parking lot layout, property blogs, property website blogs, provide parking space,real estate property blgos,real estate property blogs 1 Srishti Chandola ifc Like 0 The parking space is the premium necessity in present times and the developers at times take advantage of the necessity and try to earn some money by selling their parking space to the home buyers. They do lure the home buyers by providing attractive discounts and home buyers to all into the trap thinking that they will buy in some extra parking space and well them to other home buyers. But, selling the parking space is actually illegal. Car parking is a part of the common area of the society which cannot be sold. The developers have no right to charge for space. In 2010, Supreme Court has held that the developers or builders have no right to sell the parking to the apartment owners which includes stilt parking or the garage. You have bought the parking slot. Can you keep it? As the sale of the parking area has become illegal, it is the purchase as well which has become invalid. In January 2016, Delhi High Court had ruled in the favor of the parking per flat or apartment. The court held that the parking should be permitted specifically in the area meant for the purpose and not in other common areas. Will you get the money back? As law restraints, the developers from selling the parking spaces, they have built a clever way to evade the rules. They don't charge separately for parking space but have certainly included it in the cost of the sold property. If the buyer and the seller agreement mentions the parking area of the car as a separate item or the home buyer can produce other evidence of buying it, however, he can definitely challenge the developer. Is it compulsory to provide parking space? Whenever a builder develops an area, he has to take the development permission and

  2. the commencement certificate from authorities concerned. To get all these approvals, he has to mandatorily submit the plan of the building which basically includes the area that embarked on parking. The model of the building bye-laws the Ministry of Urban Development mandate to the presence of parking space in the housing complexes. - What Will You Choose- Gated community or Standalone building? Leave a Reply Your email address will not be published. Required fields are marked * Comment Subscribe to our newsletter Want to be notified when our article is published? Enter your email address and name below to be the first to know. Send Facebook

  3. [3 13 $mrtTA ■arr_nFavista Real n Estate Pvt Ltd 54 minutes ago Get higher returns on your #investment today! Favista Real Estate Pvt Ltd ii Like P Comment & Share Twitter Timeline Tweets by @FavistaRealty Recent Blogs Can Your Parking Space be Sold by the Developer? March 19, 2018 What Will You Choose- Gated community or Standalone building?March 16, 2018 Changing Terms of Selling AgreementMarch 14, 2018 Factors to Keep in Mind while Buying a HouseMarch 12, 2018 Unique Living Room Designs for 2018March 9, 2018 Favista is a Real Estate Advisory Firm based in Gurgaon, India. Favista believes in making every property transaction experience simple and successful. The aim is to bring transparency, professionalism and simplicity to the complex world of real estate. Favista takes pride in keeping the needs and concerns of the customers in highest regards. Favista Real Estate has been founded by IIT + IIM/INSEAD alumni with experience in strategy consulting, internet marketing, venture capital having been part of companies such as McKinsey, Capital One, PartyGaming and SSG Capital. Favista is a full service brokerage helping buyers/investors buy, sell, rent or lease property in India. Favista offers best realty advice for Apartments and Flats for sale in India, land/plots for sale, New Residential & Commercial Projects in India and also assists selling properties at best rates. Favista.com is the only Property Site in India that lists 100% verified properties. Favista currently operates in Gurgaon, Delhi-NCR, Noida, Mumbai and Bangalore.Those intending to sell property in India will also find this website very useful owing to the extensive reach, high brand recall and trustworthiness in the real estate space. In order to make our customers happy and for us to reach our goals, we follow the key tenets of transparency and consistently maintain integrity in everything that we do. With this professional attitude, we are set to become your preferred choice for all real estate services in India. ABOUT About UsOur TeamCareerContact UsTerms Privacy PolicyDisclaimer

  4. Site Map QUICK LINKS Post Property FREEEMI CalculatorBlogs Compare ProjectsDownload Mobile APPSale PropertyRent Property CONTACT FAVISTA Toll Free - 1800 2121 000 (ALL INDIA) Gu rgaon - +91-124-3378700 Noida - +91-120-4117463 Mumbai - +91-22-40142051 Email Sales - sales@favista.comEmail Enquiry -info@favista.com 9Unit 235 to 240 2nd Floor, Vipul Trade Center,Sohna Road Sector 48, Gurgaon, Haryana 122002. 1 Square meter = 10.764 Square feet Have More Questions? Do not hesitate to contact us! Read our FAQ's or Leave a feedback for us to contact you shortly. © 2015 Favista Real Estate Pvt. Ltd., All Rights Reserved.

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