Property, Real Estate, Flat Purchasers and Duties of Developer
It has been observed in Dilip Bobde Patil v. Laksons India Pvt Ltd [2025] GCtR 1603 (Bombay) that "Section 10 of Maharashtra Ownership Flats Act, 1963 places a clear legal duty on every promoter or developer to take necessary steps for formation of a co-operative society, or a company, of the flat purchasers within a reasonable time after most of the flats are sold."
"The purpose of this provision [S.10] is to ensure that the flat purchasers can jointly manage and maintain their building and that the property is not kept under the permanent control of the developer. Section 11 of MOFA further requires that, once such a society is formed, the promoter must convey the title of the land and building to that society within the prescribed period."
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