Suppose if I buy an appartment now, then what will happen to it at the end if its life ? will I get the land equivalent to my carpet area there ?

When you purchase an apartment, it’s essential to understand the concept of ownership and the rights associated with it. Let’s break down your question:

1. Apartment Ownership:

   • When you buy an apartment, you become the owner of a specific unit within a larger building or complex. Your ownership is typically defined by the walls, floor, and ceiling of your apartment (often referred to as the “carpet area”).

   • You don’t own the land directly; instead, you have a share in the common areas (such as corridors, staircases, elevators, etc.) and the undivided share of land on which the entire building stands.

2. End of the Apartment’s Life:

   • Apartments don’t have a fixed lifespan like individual houses. Their longevity depends on factors such as construction quality, maintenance, and wear and tear.

   • Over time, the building may require repairs, renovations, or even redevelopment. If the building becomes structurally unsafe or outdated, the residents may decide to demolish it and construct a new one.

3. Redevelopment:

   • In cases of redevelopment, the existing apartment owners are usually compensated. The compensation can vary, but it typically includes:

     • A new apartment in the redeveloped building (usually with a larger carpet area).

     • Monetary compensation.

     • A share in the newly constructed building.

   • The specifics depend on local laws, agreements, and negotiations with the developer.

4. Land Equivalent:

   • You won’t directly receive land equivalent to your carpet area. Instead, you’ll receive a new apartment (with a larger area) or compensation.

   • The land remains collectively owned by all apartment owners in the building.

5. Rights and Documentation:

   • Ensure that all rights related to your apartment (including parking, common areas, and amenities) are properly documented in the sale deed and other legal agreements.

   • Consult a legal professional to understand local laws and regulations regarding apartment ownership and redevelopment.