You can exchange the ownership to the Flats by executing an Exchange Deed and all parties holding the two properties would have to be agreeable to such exchange. If the properties are of equal value, then no other consideration would have to be paid in connection for such exchange, however if one property is valuable than the other, then the exchange deed should record that additional considera...
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In Maharashtra, as per the bye laws of the co-operative housing society, a banking account shall be opened in the nearest state or district central co-operative bank or its branches