I have a question on the policy framed/followed by Skylark Mansions Pvt. Ltd. for their Esta project. As per them, they need full property cost+ one year advance maintenance+ one year advance sinking fund charges before they could initiate for the property registration.
From my perspective, if the full cost of the property has already been paid, the property should be registered to the property owner.
However, Skylark Mansions Pvt. Ltd. is adamant to receive one year maintenance cost and one year sinking fund cost apart from the already paid total property cost, to register the property though they don’t have occupancy certificate(OC), and probably they are not going to have it at least for a year. Thus, we as owners of the apartments, can’t live in our apartments legally. However, they still force us to pay everything in advance whether we can live in it or not.
My question is: is it legal, if not how can we fight against it through a legal process? Your expert advice would be highly appreciated.
Kind Regards,