A company/developer purchased the agricultural land from farmers/land owners, and after geting the all requisite permission/s/permits from the state govt. it started developing the same. thereafter circle rate of the land (area) enhanced by the government.
Now my querries are as under.
1. In the absence of enhancment clause, can a company/developer charge such enhanced circle rate from the existing purchasers ?
2. if any employee of the said developing company wants to purchase a plot from that land, Is it legally feasible for the company/developer to transfer the said plot in the name of its employee on the lesser value compared to circle rate? If yes, then how and under what procedure?
Please reply to above Qs. ASAP.
Regards
Chandra Shekhar
