Hi Reputed Lawyers,
I live in a cooperative housing society in Mumbai. My society has gone under redevelopment and there are 90 members in the housing society. I have one flat of 644 square feet and one flat of 390 square feet. Apart from this I have 2 garages of 180 square feet each. The market rate is around Rs60000 per square feet in my area. The society has land area of 6000 square metres with an FSI of 4. The builder has come up with an offer of 82% on the carpet area. The land of the society is freehold.
Question:
1). What should I demand (money) from the builder at the time of negotiation if I want to move out of the society and not participate in redevelopment process???
2). How much money should I demand from the builder???
