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General Power of attorney holders in cooperative societies have got a reprieve from the chandigarh administration now that it is reviewing the earleir order demanding 13rd increase from GPAs while transferring the flat in their names. GPAs are now...
Gpas in Cooperativehouse Building Societies at Chandigarh : an Introspection
Author: Satish Chandra Sharma
GPAs in Cooperative House building Societies at Chandigarh: An Introspection By Satish Chandra Sharma M.A. (Eco) Cheap Jerseys China , General Secretary, Chandigarh Social Welfare Council. Mobile: 9888-255-128. Email: kripa@ 15000 families which hold occupancy rights in cooperative housing societies at Chandigarh had been in for a harrowing experience. Unlike their counter parts that have purchased property on the power of attorney basis in other parts of the city Cheap Jerseys , GPAs in the cooperative society flats had to suffer on various counts. They were first fleeced at the hands of the autocratic management of the societies and later put to bear harsh attitude at the hands of the Chandigarh administration. Undoubtedly, the projects of the societies were completed with the funding made available by the GPAs. Till the funding was required Cheap Nike NFL Hats , the managements had been friendly to them. The projects once completed were taken charge by the original allottees, who despite having sold the flats on GPA still continued to play the shots in managing the affairs of the society. The concept though mooted some two decades back had been facing from many problems since the time it got floated. There were litigations; encroachments on the land acquired for allotment to societies had been rampant. Though the scheme was floated in 1991 with a view put available land to optimum use Cheap Nike NFL Hoddies , yet societies registered under the scheme could not allotment of land till the year 2000.62 Societies were to get land in the third phase sectors benefiting 7373 members. Question was raised in the Parliament by the then local MP in order to pressurize Chandigarh Administration to allot land to such eligible societies. While the allotment of land was made to the societies, Chandigarh Housing Board had incorporated unrelated outdated rules applied in isolation to govern the transfer of the flats in them. The statutory rule which allowed transfer of the flat after five years of the allotment of the land was reproduced as a stipulation that read the transfer shall be allowed five years after the society obtained completion certificate from the administration. Completion certificates to societies were withheld owing to minor violations committed by the individual members in the society. Due to this paradox Cheap Nike NFL T-shirts , societies that had completed the projects continued running from pillar to post to get the completion certificates for them. Interestingly, rules framed in 1996 to allow conversion of leasehold properties into free hold land tenure could not be availed by individual members holding occupancy rights in these societies. It took over 12 years for the administration to clarify that the transfer of flats in societies could be made after 5 years of the allotment of the land instead five years after completion. Administration does not have any answer for the plight suffered by several thousands of GPA holders who could have converted their flats from lease hold tenure to free hold tenure Cheap Nike NFL Shirts , as the rules so provided. When land was allotted in 2002, the land price was revised from Rs. 750- to Rs. 2500-. The societies could get allotment of the land on free hold basis on payment of Rs. 350- P SY. The decision of the administration caused much discontentment and was resented. However Cheap NFL Hats , the societies opted for the land at the new price and the high court directed the Societies to pay their balance amount to the Chandigarh Housing Board. Even here the CHB had not corrected itself and made the allotment subject to provision of the Chandigarh Sale of Building Sites Rules 1960 and the Capital of Punjab (Development and Regulation) Act 1952. So much time had passed by now that the allottee members seemed little interested in the scheme. Either they had acquired properties in the meanwhile or grown up size of the families did not warrant acquisition of the flats. Some simply shrugged owning a flat instead of a complete building In the beginning the allottee member just wanted his deposit money held up for decades back and to recover this they parted the memberships to anyone who could pay back the deposit to them. The transfer was done on the basis of execution of the General Power of Attorney in favour of the buyer. The psyche of the purchaser had been shaped as transactions in the Chandigarh Housing Board flats and other plotsbuildings were routinely done in the city and such instruments of attorney were registered by the Sub Registrar Chandigarh. The spur in the prices of the property in Chandigarh added a spinning factor to the demand of the flats in societies. The demand swelled and the administration watched it but took no corrective measures .While this demand swelled and reached as high a proportion that roughly 50-60% flat properties had changed on the instrument of Power of Attorney. Finding flats in society flats cheaper in comparison to other available properties in the city, persons who were desirous of owning a flat in the society applied and even obtained permission of their offices to own a flat on the instrument of power of attorney little realizing they in are for a trouble. After investing and on finding that the Banks are reluctant to advance loans on the instrument of the General Power of Attorney Cheap NFL Hoddies , a roll back took place and many of the GPA holders preferred to resell their flats and this did with a help and consideration of the original allottee who cancelled their GPA and made fresh GPAs in favour new intending purchasers. Property boom also helped to revive the sale purchase of . Cheap Shirts Cheap Shirts Cheap NBA Jerseys Cheap MLB Hoodies Cheap Soccer Hoodies Cheap NFL Shirts Cheap Football Hats Cheap NBA Jerseys China Cheap NCAA Hats Online Wholesale Jerseys |
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