The Full Form of UDS is Undivided Share.
A large number of people decide against buying an individual plot and invest in apartment buildings due to a variety of benefits these modern modes of residence offer. However, there is a lot that sees it differently. With time the structure gets old, and the worth of the property is sure to go down along with that. If that is the case, why should a homebuyer opt for an apartment? This would be an ill-founded notion to start with.
Buyers of apartment flats, as a matter of fact, do not buy a structure alone ─ they also buy a part of the land upon which that structure stands as a part of the deal. This ownership over land is known as a homebuyer’s undivided share in the land (USL). Now, this is precisely why the value of such a property i.e. an apartment unit increases with time, despite the fact the structure gets old day by day and its condition deteriorates by and by.
Since the worth of unit in a housing society is decided by the undivided share of a buyer, they should be acutely mindful of this and have a clear idea about this before investing.
Leave a Reply
You must be logged in to post a comment.