Undivided Share
A complete guide to what "Undivided Share" means in real estate and how it applies to property transactions in India.
Definition
Undivided share (UDS) refers to the proportionate share of land owned by each apartment buyer in a multi-unit residential building. It represents the buyer's ownership stake in the total land on which the building stands.
Use of Undivided Share in Real Estate
In India, when you buy an apartment, you own two things: the built-up space of your unit and an undivided share of the land. The UDS is proportional to the size of your apartment relative to the total built-up area. It is critically important because if the building is demolished or redeveloped, your rights are determined by your UDS. Buyers should verify the UDS mentioned in the sale deed matches the proportionate calculation and check the mother deed for accuracy.
Key Takeaway
Understanding "Undivided Share" is essential for making informed real estate decisions. Always consult a qualified professional for advice specific to your situation.
Disclaimer: This glossary is for educational purposes only and does not constitute legal or financial advice. Definitions may not reflect the most current regulatory changes. Please consult a qualified professional for guidance specific to your transaction.