CHS REGISTRATION NEED NOT WAIT FOR PROJECT COMPLETION: BOMBAY HIGH COURT
Developer Cannot Postpone Society Formation Due to Future Wings I. Case Background In a significant ruling strengthening the rights of flat purchasers, the Bombay High Court has held that the registration of a Co-operative Housing Society (CHS) for a completed wing cannot be deferred until the entire real estate project is completed . The Court set aside the orders passed by the Divisional Joint Registrar (DJR), Co-operative Societies , and the Minister for Co-operation , which had cancelled the registration of a society in Mulund West, Mumbai . II. Facts of the Case The dispute concerned the 360 Degree Business Park Premises Co-operative Society , formed for the Brite Building , a 10-storey commercial structure constructed in 2007 by Brite Tools Pvt Ltd . Key Facts: Full Occupancy Certificate (OC) issued in August 2013 44 units sold by the developer Building fully occupied and functional No society formed by the developer despite completion As a result, 31 ...