Tuesday, November 25, 2014

Fortuna windflower Multistorey Apartments, Located in Sahakar Nagar, Bangalore offered with 2BHK, 3BHK and 4BHK Apartments.

Fortuna windflower Multistorey Apartments Area Range 1200-2500 Sq.ft, Located in Sahakar Nagar, Bangalore offered with 2BHK Apartments, 3BHK Apartments and 4BHK Apartments.



An on-going luxury Apartments project, located in Bangalore has meticulously designed spacious Apartments with all the modern amenities and good greenery which makes it a comfortable cosy home. We at FORTUNA PROJECTS are committed to offer the best quality in materials, fittings and finishes. We hope and strive to make our customers have a world class experience in fine living and fulfill their aspirations, not found elsewhere.



    Gymnasium with Steam bath room
    Multipurpose hall
    Billiards / Pool table
    Table Tennis
    Badminton Court
    Chess, Carrom


    Entrance Plaza
    Swimming pool / Toddler pool
    Tennis Court
    Basket Ball Court (Half court)
    Children's Play Area
    Jogging Track
    Landscaped Garden

FLAT PURCHASE-By Way Of Share Certificate Method

Co-operative Societies Acts of many states provide for formation of Housing Co- operative housing societies. Karnataka Co-operative Societies Act also permit the formation of Co-operative housing societies. These societies acquire the land; construct the flats, which are allotted to its members. The society allots shares to its members. Such societies need to be registered with registrar of Co-operative societies.

Members are of different category, the member, associate member, and nominal member. Individuals, Partnership firm, registered company, registered society local authority, State government, central government, public trust, any other corporate body registered under the relevant act, may become member of the co-operative housing society, subject to the rules governing the admission.

A minor can also become a member of Housing Society through his guardian; Certain states have put restriction of membership of family trust, Hindu undivided family.

There are different types of Co-operative housing societies.

1. A society purchases the land or takes on lease divide into several plots and allots to its members. The members construct houses, on such allotted lands. In such cases, the land is owned by the societies and the houses on plots to members. Such societies are caller Tenant ownership type housing societies.

2. Societies acquire land by sale or on lease and construct the buildings; flats are allotted to the members. In such cases, both the land and building are owned by the societies. These are called tenant Co-Partnership Co- operative housing societies.

3. Societies are also formed by the persons who purchase the flats from the builders, under agreement as per flats ownership acts of the respective states. In this case also, both the land and building belong to the society after the execution of conveyance by the builder in favor of the society. Such societies are called flat owners Co-operative housing society.

Flat owners co-operative societies issues shares to its members by which the members gets the right to live, reside and enjoy the flat.
Flat owners Co-operative society societies are of more common. These societies are very popular in Maharashtra  Gujarat, and West Bengal and not so common in Karnataka.

Flat owners Co-operative societies issues shares to its members by which the members gets to right to live, reside and enjoy the flat. It is to be remembered that the rights and interest of the member in the flat is limited only to reside and enjoy. Member can transfer only such right. He is not the absolute owner of the flat.

On sale of the flat, society transfers the shares to the names of the purchaser, on purchaser complying with the formalities. After the purchaser is admitted, the purchaser becomes a member of the society and acquires right to reside and enjoy, the flat.

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