Plots for sale in Bangalore | Apartments for rent in Bangalore | Individual House for sale in Bangalore | House for rent in Bangalore
What
is UDS or undivided share of land in an apartment complex?
This is the
right of a flat owner over a part of the
land on which an apartment complex is constructed which is not ear marked on
the location. The share of land has no
specific boundaries in the total extent of land. The owner of a flat can only enjoy
the right over the UDS along with other co- purchasers of flats in an apartment complex.
How to calculate the undivided share of
land (UDS) ?
The UDS is
calculated as – Individual apartment ‘s super built up area divided by the sum
of all apartments’ super- built up area multiplied by Total land area. In other
words the sum of all UDS will be equal to the total land area of the apartment
complex.
For example –
assuming a four flats in one apartment of equal sizes, of say 1000 sq.ft built
up on an extent of land of (2400 sq ft (i.e., in a 60’ x 40’ site ). Here, two
elements are involved namely the cost of construction of apartment (i.e,
material, labour etc., and the other part is the UDS or the undivided share of
land to each apartment owner. While buying the flats the buyers must ensure
that the UDS is allotted and mentioned in the Registered Sale Deed to avoid
future complications.
In this case it
calculated like this:-
UDS =
1000/4000x2400= 800 sq.foot which means each apartment buyer has got right over
the this UDS in the total extent of land.
What is the importance of UDS?
Buying an
apartment involves buying of UDS along with the super built up area of an
apartment. As the time elapses the value of the built up area in apartment
decreases whereas the value of the UDS will increase. Suppose, after 30-40
years the building becomes too old or becomes unusable due to natural
calamities, the entire complex has to be demolished for redevelopment. In that circumstance the owner of a flat will
get a flat in the redeveloped project proportionate to the undivided share of
land he actually owns. Also, the more the share of UDS the flat buyer will get more
profit, as the land purchased today may appreciate in value by more than 50 to
60 times over a long period of time.
Whether a flat buyer can mortgage his (UDS)
undivided share of land alone in an apartment complex?
No. The UDS
alone cannot be mortgaged alone. As it is interlinked to the super built up
area of flat in an apartment complex. However, a flat owner can mortgage his
flat along with the UDS.
What is the difference between UDS and
co-ownership?
Both are
similar. All the apartment owners in a complex are entitled to UDS in the land area where the apartment complex is constructed. All the owners are considered
as co-owners and have equal rights.
Where the builder has violated the
Building plan, can a flat purchaser claim proportionate undivided share on FAR (Floor
Area Ratio) ?
If the builder
has violated the building plan and constructed extra flats, floors the
purchaser of the flat will get lesser UDS share than proportionate his flat’s
super built up area. Hence, the buyer of flat must be careful and check what is
his undivided share of land and whether it matches with the FAR.
Whether a person can only buy undivided
share of land of a flat in the apartment complex?
No. A person
cannot buy only UDS in a flat. However, he can buy the same along with
proportionate construction i.e, flat in the building .
Why it is important to be very careful
while buying flats?
Unlike, buying independent houses the buying of flats is
quite a different transaction. In buying flats the buyer will be a co-owner
along with other owners in a complex. He, does not enjoy absolute right overthe property like independent houses.
Further, to
utilize maximum land space some of the builders violate building plans and
construct illegal floors. At times the builders may allot a less land share
(UDS) or they may not mention the land share in the sale agreement/ deed or
even worse the builders themselves claim the land share. Hence, it is important
to enquire what is the UDS in flat before buying and also get the land share
mentioned in the sale agreement / deed.
For more :
One of the important benefits of buying plot is that it is cheaper than buying an apartment and unlike apartments, plot owners need not share floor space with others. They get complete privacy while living in a community.
ReplyDeletePlots in Electronic City Bangalore
Favorite post having such an fantastic and useful informative content. Miami Beach Luxury Condos
ReplyDeletesuch a useful information about apartments ib banglore but you can loo for Akoya Villa for Sale at an inexpensive cost .
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteGreat Blog post and informative content which I am looking for residential apartments in Bangalore
ReplyDeleteOzone Group
Valuable information you have shared
ReplyDeleteFor information on flats for sale in bangalore visit : Mahindra Lifespaces
This comment has been removed by the author.
ReplyDeleteI like this post, And I guess that they having fun to read this post,they shall take a good site to make a information,thanks for sharing it to me. apartments for sale in sarjapur road
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteAmazing tips to give charming look to house. thanks for sharing this ideas with us..house for sale in bangalore|villas in bangalore - Real Estate
ReplyDeleteIt is a good information about apartments in banglore but you can look for apartments in jp nagar for Sale at an affordable cost .
ReplyDeleteIt's really very well and informative content given about Bangalore Property market where you can easily get affordable housing option.
ReplyDelete1bhk Flats in Kanakapura Road
Excellent! I admire all the helpful data you've shared in your blog about Real Estate. I was searching for the matter you shared through a blog. It is quite interesting and obviously very informative for me. I'm looking forward for more helpful information from you. :)
ReplyDeleteBuilders in Chennai
Properties in Chennai
Luxury Apartments in Chennai
New Projects in Chennai
Premium apartments in Chennai