I’ve purchased a flat in Ruby Isle. The ‘Agreement for Sale’ that Royal Palms would like a buyer of an apartment in Ruby Isle to sign states that the apartment being sold to the buyer is a ‘Service Apartment’. The buyer agrees to use the said premises only as a ‘Service Apartment’ and for no other purpose and in consonance with Municipal Rules.
The agreement does not define ‘Service Apartment’.
What is the difference between such a ‘Service Apartment’ and a Residential flat that one may purchase in an ordinary housing society? Is the title of the former as complete and perfect as the latter?
The agreement does state that Royal Plams will execute a deed of lease for 999 in favour of the Housing Cooperative society that the residents of a building form. However, they will do this only after all the apartments in the building have been sold. Does the lease have any bearing on why it’s being termed as a ‘Service Apartment’?
On a separate note, I’d also be interested in forming a group or association of buyers in Ruby Isle so that we may leverage collective wisdom to address such concerns. Kindly contact me at
http://ruby-isle..com/2010/0...ms-mumbai.html if you are interested in forming such an alliance.
Thanks