LAW Courses

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Simhan (manager)     20 October 2021

Undivided share in the property

Dear  Experts,

We are 8 owners in an apartment which was purchased 29 years before.   Now we want to re-develop the property as it has become old and incurs  huge maintenance.   When we go to the builder we found out from the documents that there is a 9th share of 10.1% in the undivided portion of land registered by the builder 29 years ago. The 9th share holder is alive and . for what purpose this was done by the builder is not known to us.   further the 9th share holder do not have any dwelling unit, no property tax payment, no water tax , electricity connection, The 9th share holder  does not pay maintenance or participated in any other the building activities for the past 29 years,  just that share is in his name registered by the builder that time.

Now when we want to re-develop the property the prospective builder (new builder) is telling you should get the 9th share resolved before re developing  the property otherwise it is a problem.  Hence we approached the old builder  and he is telling as it is 30 years old now the 9th share is among your 8 people and court verdict is all there in this respect.  and no proper response even after repeated request. we have not approached the 9th share holder on the fear that he may demand price at the current rate or he may refuse. 

Experts------ what other legal  remedy is available apart from approaching 9th shareholder and the old builder for redeveloping the property, .  Please give us a solution for this.

Regards.

 



 0 Replies


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Start a New Discussion Unreplied Threads

LCI Learning Hindu Laws


Popular Discussion


view more »




Post a Suggestion for LCI Team
Post a Legal Query