India  |  Real Estate Law

Legal Question

Asked on: 5/21/13, 2:29 am

Our building has formed a Co-op Housing Society last year, but so far the builder/developed has refused to do the conveyance..but i was told that once a Society is formed, the building itself automatically belongs to the Society, and the builder/developer cannot use any part of the building for commercial purpose to make money, is it true?

Our building has a theatre/hall on the ground floor, and so far income from renting that place out all goes to the builder/developer, is he allowed to do so?

Your valuable advice will be truly appreciated.

Thank you

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