UDS is the Undivided Share of Land that is given to the owners of flats in an apartment system. In simple terms, it is the proportionate share or percentage of land that the owner is bound to get in the land the apartment structure is built. For example, let’s say you have purchased a flat in an apartment society and there are 100 units in the society. So depending on your flat size, you will have some share/percent of land reserved to you. In reality, there is no such marking on the land, but in case, after several years, if your society plans to reconstruct or redevelop the apartment, UDS comes useful. This is one of the major reasons why UDS is important. Secondly, it's this value of land that will appreciate with time and not the cost of the flat where you will reside.
UDS can be determined by a simple formula. To calculate UDS, you will have to multiply the total land area with the size of the individual apartment and divide the result by the total area of all apartments in the project.
Speaking about Omkar Majaswadi, it is an upcoming residential project by Omkar Realtors & Developers that is located at Majaswadi Jogeshwari, Andheri East, Mumbai. When it comes to UDS and other critical information, you can get the information from the builder only. You will have to contact the builder or the project officials to get such information.
Hence as a buyer of the property, you should check the agreement copy well during the flat registration process. There will be a page ” Details of Undivided Share of Land” , read it carefully, read how much land you own as a percentage of total land or the actual square feet area. Many times, the builders are reluctant to show you the agreement. If needed, take the help from a lawyer, as well.
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Authors Of The Question
What is UDS and is it there in Omkar Majaswadi apartment?
mahesh
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1 Answers
4 Year
2020-12-16T14:05:44+00:00 2021-02-05T18:56:03+00:00Comment
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