2BHK & 4BHK Luxury Apartments for sale in Hoodi Junction, Whitefield, Bangalore at Mahaveer Horizon from Mahaveer Group.
The trend
for the high rise buildings in Bangalore started during late eighties when the
builders from Bombay launched building projects in Bangalore. The attraction
was rapid growth of Bangalore between 1971-81 which was the highest in Asia in
addition to the salubrious climate, beauty, (this is almost lost today) cheaper
land, and higher F.A.R. permissible compared to Bombay and the hospitable
citizens of Bangalore. Rahejas, Ranka, embassy, mittal, Bhaktavar are some of
the builders who started their activities in Bangalore during that time. Local
entrepreneurs also started building activity like: Prestige, India Builders and
others. Their intention was to make most of the situation.
Due to
enormous potential for building activity, hundreds of apartments and
considerable number of commercial complexes had come up in Bangalore. Apartment
living was new to Bangalore. Those who lived in flats were mostly outsiders.
Local people even now like to have independent houses.
To enable
regulation of apartments, the following two acts were passed in Karnataka on
the lines of Mumbai acts: l.Karnataka ownership Act, 1972. 2. KarnatakaOwnership flats (Regulation of the Promotion of construction, sale management
and transfer) Act, 1972. Even now majority of the apartment dwellers are not
aware of these acts, and rules issued under these acts, which came into force
from 2.04.1975. No one is following these ACTS.
In
Bangalore the Co-operative Housing Societies or the Owners Associations are
being followed, the choice being left to the group of buyers of flats.
Most of the
Co-operative societies were registered under the Co-operative Societies Act.
Associations
are registered under the Karnataka Societies Registration Act, 1960. In Mumbai,
a group of persons form a housing society, mobilize funds, purchase land, build
apartment, live in the apartment and maintain the building. Where as in
Bangalore, builders build the apartment sell the flats during construction andlater.
The buyers
form apartment Housing Society / Owners association for only maintenance
purposes. The builders register the flats in favour of the buyers. Later
transaction is between the owner of the flat and the subsequent buyer. The
seller relinquishes his membership in the Society/ Association and the buyers
become a member of the Society/Association.
Bye laws:
After
registration, the Apartment Society frames its byelaws and gets it approved
from the Co-operative Department or under society act. The byelaws should be in
accordance with the Act and provisions. The byelaws provide for election of
Committee and office bearers for management of the society Elections to the
Committee in case of housing Co-op Society are conducted by the Returning
Officer appointed by the Co-operative Department as per procedure. In the case
of Association or Society, the General Body elects the office bearers.
Byelaws
provides for membership, General Body Meeting, Special General Body Meeting.
Committee,
powers of the committee, accounts & audit and in general management of the
Housing Society or Association. The Department of Co-operative approves the
Byelaws and returns to the Society for following the provisions.
In case of
an Association, the Registrar of Societies along with the Memorandum approves
Rules and Regulations of the Owners Association.
Services Rendered:
The
services provided by the society/ Association are water supply, general
lighting, lifts, security, cleaning of the premises, garbage removal,
gardening, colour washing, periodical painting, civil works repairs, water
supply and drainage repairs, electrical repairs etc. As there is power shortage
in the state with power cut twice a day, generator service for lift, common
area lighting, and pumping of water is provided in some buildings.
Intercom
facilities from the flats to the security area is also provided in some
buildings, club, health club, swimming pool, dish antenna & library
facilities are provided in luxury apartments. Some societies also organize
social activities for the benefit of residents.
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