Today, Car parking spaces in Parel area in Mumbai cost about Rs. 20 lakhs.
Everyone knows that open and stilt car parking spaces, which do not form part of the building’s FSI, can not be sold by the builders. These belong to the Housing Society and have to be allotted as per the provisions in the Bye Laws.
Yet, builders continue to sell them. Member of the Managing Committee help the builders in this illegal activity. I really do not understand why the flat owners tolerate this sort of illegal activity.
The Supreme Court of India’s decision in Nahalchand Laloochand P.Ltd. vs Panchali Co-Op.Hng.Sty.Ltd. order dated 31 August, 2010 is the final word on this point.I am giving a link to this decision.