Main Consequence & Definitions |
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What are the main consequences of Apartment Ownership (Amendment) Act No .39 of 2003 ?There are three major classifications as far as the condominium properties are concerned as What is Condominium Property What is Condominium Property The Law shall apply to any building, Erected on alienated land held as one land parcel & capable of being subdivided into parcels is referred to as “Condominium Property” What is Provisional Condominium Property Any Building Proposed to be erected on alienated land held as one land parcel & capable of being subdivided into parcels is referred to as “ Provisional Condominium Property.” What is Semi Condominium Property Any Building Partly erected on alienated land held as one land parcel, on which there are more than one completed condominium parcels fit for human habitation is referred to as “Semi Condominium Property”
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