Hi,
My father owns a 30 year old house on land area 1800 Sq Feet : (2.5 Kattah (or Cottah)) in an upscale area of Kolkata- Ballygunge area. We are talking with our neighbour who also owns a house on land area 1800 Sqft.
My father and his neighbour wants to give their house (1800 +1800 = 3600 sqft land) to a builder..
The builder is proposing one flat 1300 sqft super built to my father up Plus 20 lakh cash. New flats in this area is going around INR 6500/sqft.
1.. What kind of documents do we need to sign with the builder ?
2. Is this a fair deal or this is low ? Sometimes Builders use terminolgy 60-40 ; 50-50 . What is that ?
Thanks in advance. Kindly advise.
3.Do the builder will amalgamate the two property through Municipal Corporation ? (Father house and neighbor house)
Is there any danger/hassle during amalagamation of two properties ?
Thanks in advance. Kindly advise.
