What option to avail for redevelopment?- Property Hotline
August 19, 2016
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3:17Now PlayingWhat option to avail for redevelopment?- Property Hotline
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as posted by the channelExpert: Vinay Singh, Legal and Tax Expert.
Question: We are going in for a redevelopment. Should we opt for a housing society or should we form a condominium post-redevelopment?
Answer: These are two different models i.e. in housing society it is the society that owns the land and in a condominium, it is the individual owner who owns a particular unit and also has an undivided share in the common area and amenities. It is your personal choice which one will you like to opt for.
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