THE RAJASTHAN APARTMENT OWNERSHIP BILL, 2015

Apartment to be heritable and transferable Subject to the provisions of section 6, each apartment, together with theundivided interest in the common areas and facilities appurtenantto such apartment, shall, for all purposes, constitute as a heritableand transferable immovable property within the meaning of anylaw for the time being in force, and accordingly, an apartmentowner may […]

Ownership of apartments (1) Every person to whomany apartment is allotted, sold or otherwise transferred by thepromoter, on or after the commencement of this Act, shall, save asotherwise provided in section 6, and subject to the other provisionsof this Act, be entitled to the exclusive ownership and possessionof the apartment so allotted, sold or otherwise

Definitions In this Act, unless the context otherwise requires,-(a) “allottee”, in relation to an apartment, means the personto whom such apartment has been allotted, sold or otherwise  transferred by the promoter;(b) “apartment” means a part of any property intended forany type of independent use, including one or more rooms orenclosed spaces located on one or

Application The provisions of this Act shall apply to every apartment in any building constructed or converted into apartments by a promoter before or after the commencement of this Act on a free hold land or on a lease hold land, if the lease for such land is for a period of thirty years or

Short title, extent and commencement (1) This Act may be called the Rajasthan Apartment Ownership Act, 2015.(2) It extends to the whole of the State of Rajasthan.(3) It shall come into force at once. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice