Hi,
Thanks for sharing such an important piece of information with all of us.
As it is clearly mentioned in 14(1) clause of CHAPTER VI of UP APARTMENT ACT, unless all the infrastructural structures and services are completed and completion certificate obtained from the local authority, there will not be any benefit of making an RWA (which will be an illegal entity)
Clause:-
14(2) It shall be the joint responsibility of the promoter and the
apartment owners to form an Association. The promoter shall get the
Association registered when such number of apartments have been
handed over to the owners which is necessary to form an association
or 33% of apartments, whichever is more, by way of sale, transfer or
possession, provided the building has been completed along with all
infrastructure services and completion certificate obtained from the
local authority.
As everybody know, this is not the case with us. Neither the builder has provided all the facilities ( as mentioned in Brochure) nor he has obtained the Completion Certificate from GDA. Hence in My view, Creating a RWA committee will be illegal as well as meaning less in the current scenario.
Also it may mean that we are satisfied by the deliverable (though it may be incomplete in our view, but the case may be opposite in builder's view) in which we have invested our hard earned money.
Also one more thing we should be watchful of our hard earned money, which we have given in forms of IFMS, security deposit, advance maintenance deposit of 18 months which will be transferred to RWA ( if formed now), this amount will go in crores ( ~ 2 crores only for the security deposit, considering 100 flats in each tower , Rs 50000 * 400 flats = Rs 20000000 ), This is a big amount we should be concerned that it will remain under a responsible and answerable authority and to be invested in a honest and wiser way.
If this is the case ?....... if we are fulfilling all the criteria laid by the government ?........if we have the eligible people with us right now ?..... SURE.....we should go ahead and form an RWA.
I apologize if i have hurt anybody's sentiments, emotions or some good will motives. this is my personal view and feedback or discussion on the above topic is most welcome.
Together we can make our voice heard without forming any illegal committee ..like the one we have done recently...even media helped us in that noble cause.
One more thing.. i will not be available (out of country) to participate in the so called RWA formation activity, scheduled in next month.
Best Regards
Prem Singh
B -1801
Gardenia Square
Thanks for sharing such an important piece of information with all of us.
As it is clearly mentioned in 14(1) clause of CHAPTER VI of UP APARTMENT ACT, unless all the infrastructural structures and services are completed and completion certificate obtained from the local authority, there will not be any benefit of making an RWA (which will be an illegal entity)
Clause:-
14(2) It shall be the joint responsibility of the promoter and the
apartment owners to form an Association. The promoter shall get the
Association registered when such number of apartments have been
handed over to the owners which is necessary to form an association
or 33% of apartments, whichever is more, by way of sale, transfer or
possession, provided the building has been completed along with all
infrastructure services and completion certificate obtained from the
local authority.
As everybody know, this is not the case with us. Neither the builder has provided all the facilities ( as mentioned in Brochure) nor he has obtained the Completion Certificate from GDA. Hence in My view, Creating a RWA committee will be illegal as well as meaning less in the current scenario.
Also it may mean that we are satisfied by the deliverable (though it may be incomplete in our view, but the case may be opposite in builder's view) in which we have invested our hard earned money.
Also one more thing we should be watchful of our hard earned money, which we have given in forms of IFMS, security deposit, advance maintenance deposit of 18 months which will be transferred to RWA ( if formed now), this amount will go in crores ( ~ 2 crores only for the security deposit, considering 100 flats in each tower , Rs 50000 * 400 flats = Rs 20000000 ), This is a big amount we should be concerned that it will remain under a responsible and answerable authority and to be invested in a honest and wiser way.
If this is the case ?....... if we are fulfilling all the criteria laid by the government ?........if we have the eligible people with us right now ?..... SURE.....we should go ahead and form an RWA.
I apologize if i have hurt anybody's sentiments, emotions or some good will motives. this is my personal view and feedback or discussion on the above topic is most welcome.
Together we can make our voice heard without forming any illegal committee ..like the one we have done recently...even media helped us in that noble cause.
One more thing.. i will not be available (out of country) to participate in the so called RWA formation activity, scheduled in next month.
Best Regards
Prem Singh
B -1801
Gardenia Square
On Mon, Aug 20, 2012 at 4:52 PM, vibhor mathur <mathur_83@yahoo.com> wrote:
Please find here with three attached files related to The Rules of formation of RWA
Vinod B.Mathur
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