This is about apartments in India. Let's say if an apartment building has 6 flats in it and all of them are bought. Do all the owners of these flats own the land on which this apartment building stands?
Let's say couple of scenarios:
- There was an earthquake and the building gets damaged and becomes uninhabitable. In this case would the all owners of the flats be able to chip in money to build a new apartment building?
- Also the same question if the building became too old (let's say after 20-30 years) and is uninhabitable.