To convert an apartment complex into a society, you first need to form an Apartment Owners Association. As a first-time apartment buyer, I wasn’t sure whether it was possible to convert a flat into a society. I researched online and found some articles mentioning the procedure of how to convert apartment to society. I had a friend who was also interested in creating this association with me. We discussed it together, so let me give you a quick guide.
Can a Registered Apartment be Converted to a Society?
Yes, a registered apartment can be converted into a society if you’re following a legal procedure and submitting a few necessary documents to the concerned authorities. I am sharing the process that we followed.
First, we created an ad hoc committee, which is important to interact with the builder/developer for a smooth transition and register for the owner association.
Then, we registered the association under the Apartment Ownership Act, 1972.
After that, we needed to prepare a deed of declaration for the property. This is usually done by the builder/developer. But if your builder doesn’t cooperate, you can hire a lawyer to help you with the documentation.
Once the deed is created, you need to prepare the bylaws. After that, the builder will approve the DoD, and our ad hoc committee was formalised into the first management committee (MC) of the owners\' association.
Then, we opened a bank account and applied for PAN, TAN, GST.
Once the owner association was ready, we registered for the cooperative housing society by submitting an application and some documents to the Assistant Registrar of the cooperative department.
So, this is all we did to convert an apartment to society. The main part here is forming the owner association. To understand the process of society registration in detail, you can read this:
How to Register a Society Online?I hope this helps.
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How to Convert Apartment to Society?
Prithvi
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29 days
2025-01-31T16:26:41+00:00 2025-01-31T16:26:42+00:00Comment
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