Buying a car parking space in a Mumbai residential society can be as complicated as purchasing a flat. With space at a premium, it’s essential to verify all legal and practical aspects to avoid future disputes. Here are 10 crucial things to check before making the investment:
1. Society’s Approval and Rules
Ensure that the society allows the sale of parking spaces and verify their bylaws regarding ownership, transfer, and usage restrictions.
2. Builder’s Rights to Sell Parking Spaces
As per the Maharashtra Ownership Flats Act (MOFA), builders cannot sell open parking spaces separately. Only stilt or covered parking can be sold, and that too with proper documentation.
3. Type of Parking (Open, Stilt, or Covered)
Understand whether the parking space is open, stilt, or covered. Stilt and covered parking are more secure and hold better resale value.
4. Legal Documentation & Ownership Proof
Ensure that the builder or seller provides legal proof of ownership, such as a sale agreement or allotment letter, to avoid disputes later.
5. Parking Space Size and Usability
Verify the dimensions of the parking space to ensure it accommodates your vehicle comfortably without causing obstruction.
6. Parking Allotment by Society
In some societies, parking spaces are allotted by the society and cannot be sold separately. Check whether the allotment is on a rental or ownership basis.
7. Resale and Transfer Policies
If you plan to sell or transfer the parking space in the future, check if the society has restrictions on such transactions.
8. Security and Accessibility
Look for security measures like CCTV surveillance, gated access, and parking management policies to ensure safety.
9. Maintenance and Additional Charges
Confirm if there are any recurring maintenance charges for parking spaces, such as upkeep of the parking area, security, or lighting.
10. Dispute History and Legal Compliance
Check if the parking space has been involved in any past legal disputes or conflicts within the society. Verify compliance with local municipal regulations.
Conclusion
Buying a parking space in Mumbai requires careful scrutiny of legalities and society rules. Always insist on proper documentation, ensure clarity in ownership, and understand society policies before making the purchase to avoid future complications.
