Hi,
My father is lessee of a ADDA plot with a built up area of 3300 sq ft at Bidhan Nagar, Durgapur. Now due to some family and financial emergency, we are planning to either sale of the property or sub-lease a certain portion. I am in dark about the laws pertaining to transfer of lease in full or part of this kind of properties. It is under the 999 yrs leasehold scheme of ADDA.
Actually I talked, in full confidence of my father with some party who is interested in the ground floor of the mentioned property. But I don't know whether it is legal to lease a part of the property in such procedure. If there is a procedure, what is the guideline?
Regards
