Understanding Homeowners Association Reserve Accounts (India)
A significant cost, when buying a property that is part of a small common interest development, can often be the monthly or other periodic fees due to the homeowners association. A lot of homeowners mistakenly look on this money as part of their investment and while they are not entirely wrong, once the money is paid it becomes the property of the homeowners association rather than being directly linked to their property.
Destruction is a word that connotes damage, so how then can this be a suitable remedy to rectify errors on
Condominium is a multistory building for residential purpose, which every unit of it can be owned separately. As a residential
RWAs of condominiums are upset with builders for not adhering to the Department of Town and Country Planning’s (DTCP) directive