Exclusive HOLI Discounts!
Get Courses and Combos at Upto 50% OFF!
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Redevelopment of my building in kandivali west area

(Querist) 14 September 2017 This query is : Resolved 
Hello Dignitaries, Good Evening,

I have a very unique query. I live in an ownership flat in a building since 1981 along with my parents in Kandivali West area which is very near to station. However, my society is a "proposed society" and not "registered". The compound in which I stay has three more buildings which are under "Paghdi" system i.e. rented out to tenants. the builder who is willing to redevelop, the land want to built 18 story tower with first three floors for parking and thereafter residential flats. The shops will be given at the ground floor to the owners. He held a meeting with the flat owners of our building and has offered only 20% as excess in sq. feet and is not willing to give dedicated covered parking per flat, corpus fund or area in excess of 20% as aforesaid. In addition to this, he is also not willing to deposit any bank guarantee in favour of the society members so that we can execute it it in the event of any delay. As informed by him, he has purchased the conveyance of the plot and has informed that he only will be able to construct building and no other builder can raise his claim for development since the developmental rights of that property has been purchased by him. Under these circumstances, we society members are little dejected and seeking some firm advise and guidance to work in a proper direction to justify our demands which at least 40% excess sq. feet., at least 5 lakh corpus fund, bank gaurantee as per law and also the dedicated covered parking per flat. I will be grateful if some directions are provided to give fight to the builder so that he accept our demands.
Hemant Agarwal (Expert) 20 September 2017
1. Negotiation with the Builder/Developer can be done using many parameters and conditions. Builder has hardly any choice IF the property occupants are together and have a proper strategy to deal with them.

2. Builder is bound to honor the reasonable demands of the property occupants, BUT this requires experienced persons to handle the builder and this can be done, keeping the larger interest of the property occupants.

Keep Smiling .... Hemant Agarwal
VISIT: http://www.maharashtra-society-help-forum.com


You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :