05 August 2009
HELLO ALL LEARNED EXPERTED IF ANY COMPANY PURCHASE THE LAND ON THE BASE OF LEASE FROM THE MAHANAGARPALICA BY THE WAY OF TENDER AND AFTER WARDS THE COMPANY GOT CONVERTED THE SAID LAND INTO THE NONAGRICULTRAL LAND AND AFTER BUILT THE COMPLEXES WHETHER TECHNICAL DISPUTE WILL BE ARISSE REGARDING THE TITLE OF THE PURCHASER AFTER THE COMPLETION OF THE LEASE PERIOD PLS CLARIY THANKS IN ADVANCE
Its depend upon the Lease cum sale agreement wheather its permit to use for the other purpose there is no problem otherwise its a voilation of the conditions and authority have chance to cancellation of your lease cum sale on the basis of voilation of conditions.
After the completion of Lease cum sale period, you can use that land there is no problem.
In karnataka Companies are prohibited to acquired the agricultural lands.
06 August 2009
Prakesh ji, u said that d land was purchaged after tender in form of lease, then see that what was terms and condition on the time of purchage of land. not 2 worry about this, it is the liblty of nagarpalica.
12 August 2009
as our learned members opined rightly, it can not be opined hereby without going through the provisions of the lease.
ws it made for perpetual period?
also the lease can not be purchased but only the leasehold rights can be taken in respect of consideration.
prima facie the answer to ur question is that certainely after completion of the lease period, you or any other person shall loose the said leasehold interest and the same shall vest back again to the municipality. there is no doubt about it if the lease is not renewed. also, the compensation and other damages for the constructions made by you depend upon the understanding between ypu and the municipality.