18 May 2018
Greetings! There are several structures in Mumbai that are being demolished due to the fact that they're considered dilapidated by BMC. Our building is one of them. I have a few questions in this regard:
a. Does the monetary value of the land decrease after demolition, than it was before? b. If the building is listed to the owners on the property card, has co-owners who are responsible for their flats, what happens after the building is taken down? Does the landlord become the sole owner of the property? c. BMC is constantly changing laws on how much redevelopment can be done. It seems that every builder is ripping us apart when it comes to redeveloping our property. Who can we go to in this case? Our property was standing still, so if the laws change because of the government's new DP rules, who will compensate us for our rights?