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Reconstruction of apartments by owners

(Querist) 23 June 2016 This query is : Resolved 
Hello Experts
1] I am a resident & owner of a Flat / Apartment in Chennai, majority of our residents/owners wants to for the reconstruction of entire Apartments thru a joint venture of with flat promoter, in this situation what are the legal / important points we have to keep it in mind before entering into an agreement with the promoter.
2] If any one of the owner oppose this proposal then whether it has to be stopped, is there any other ways and means to continue by ignoring the opposing individual owner. There are 28 houses in the compound.
Please give your experts opinion it will be very useful to us. Thanking you all.
SaiRam/23-06-2016
Dr J C Vashista (Expert) 26 June 2016
@ Sairam,

Number of issues are involved in your query.

In order to get the project through in a hassle free perfectly legal manner you will have to seek professional services of a local prudent lawyer.

Best wishes.


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