Buying a flat without a society - Indian Real Estate Forum

smita0179 · 31-05-10

Hi,
I have just moved in to Pune. Is it okay to buy a flat in a building without society? Building has 6 flats with 8 shops on the ground floor. The building-owner owns 4 flats(made a pent-house) and other 2 are owned by other out of which 1 is for sale. What all other things I should take care of ?
Please advice. The building is 10-12 years old.

hitmady · 31-05-10

Quote:

Originally Posted by smita0179

Hi,
I have just moved in to Pune. Is it okay to buy a flat in a building without society? Building has 6 flats with 8 shops on the ground floor. The building-owner owns 4 flats(made a pent-house) and other 2 are owned by other out of which 1 is for sale. What all other things I should take care of ?
Please advice. The building is 10-12 years old.

If you have family (old-age parents and kids) then if does not make sense to buy in this society as it will have less play/common-areas. Besides, you may face nuisance of owner who uses more than half of flats.

smita0179 · 31-05-10

Thanks hitmady! No kids. parents are fond of park for their yoga/morning walk. There is a park nearby. The building is right on the main-road. The owner is a good guy who just care about the maintenance charges which is less than 400/month. I am more concerned about the legal hassles if one has to go with this.

hitmady · 31-05-10

Quote:

Originally Posted by smita0179

Thanks hitmady! No kids. parents are fond of park for their yoga/morning walk. There is a park nearby. The building is right on the main-road. The owner is a good guy who just care about the maintenance charges which is less than 400/month. I am more concerned about the legal hassles if one has to go with this.

If ur still interested then can take a photo-copy of agreement from owner.
Check if flat carpet/terrace-area is properly mentioned & get it reviewed through legal-experts/banks.
You may get less % of loan for 12 yrs old flat.

smita0179 · 31-05-10

hitmady, how much % are we talking about here?

31-05-10	#1
smita0179 New Member Join Date: May 2010 Posts: 14 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts	Buying a flat.... Hi, I have just moved in to Pune. Is it okay to buy a flat in a building without society? Building has 6 flats with 8 shops on the ground floor. The building-owner owns 4 flats(made a pent-house) and other 2 are owned by other out of which 1 is for sale. What all other things I should take care of ? Please advice. The building is 10-12 years old. Last edited by smita0179; 31-05-10 at 10:53 AM.

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