State Act

The Assam Apartments (Construction and Transfer of Ownership) Act, 2006

This Act was repealed on a date we do not have by the Assam Repealing Act, 2022 (33 of 2022); it may still apply to matters that began before then.

4. (1) Every person to whom an apartment is sold or leased by the promoter on or after the commencement of this Act, shall, subject to the provisions of this Act, be entitled to the exclusive ownership and possession of the apartment so sold or leased to him. (2) Every person to whom any apartment was sold or leased by the promoter before the commencement of this Act, shall, subject to the provisions of this Act, be entitled on and from such commencement to the exclusive ownership and possession of such apartment so sold or leased to him. (3) Every person who becomes entitled to the exclusive ownership and possession of an apartment under sub-section (1) or sub-section (2) shall be entitled to such percentage of undivided interest in the common areas and facilities as may be specified in the declaration and such percentage shall be computed by taking, as a basis, the value of the Apartment in relation to the value of the property.