Thanks realacres for the detailed reply.
I ahd checked the completion certificate for the scheme. and the flat is just a year old so the owner has all legal docs ready.
One thing I would like to clarify, the builder has given individual deed for the flats in that scheme (so thye seller do not need the society permission while selling the flat). No society formation has been done by the builder and even the resident have not formed the society yet.
Is this ok. Or is there any risk?
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