Status in redeveloped buildings ?
Querist :
Anonymous
(Querist) 25 March 2011
This query is : Open
Recently two builder have bought adjutant tenanted properties and have proposed to redevelope them due to notice issued to them by BMC and have filed petitions in High Court against BMC and tenants saying that we are not co operating as we want ownership rights in the redeveloped buildings. Pl. advice us in the following:
1) How we can make them agreefor ownership rights instead of perpetual tenancy rights ?
2) We doubt their intentions as they have criminal mind set and want to file consent terms once we come to a conclusion. Is it ok if we ask for bank guarantee of 2 Crores for timely comletion of buildings.
3) What happens if it is not possible to come to a understanding. Can High Court pass an adverse order and foricing us to vacate the premises ?
Pl. help.
