Corpus fund related querry for redevelopment of society
8 months ago
Initially our developer was going to redevolp our society under section 33(7) using 2.70 fsi 12 floors society but after demolishing the society now he wants to develop it under section 33(12)B using 4.05 fsi, in our development agreement we have mentioned that in future if builder gets extra fsi to develop the society then in such case he will compensate society as per ready recknor rate for such additional fsi availed, but our developer is not giving us the benefits of such additional fsi used by him as he says that he is not bound to obey this clause in development agreement as he is not constructing society under section 33(7), Please guide me whether developer is right or not.
A.Dear client,
in case any additional FSI is available, its benefit would be accrued to the society, the developer cannot claim it. Please file a civil suit against him in the Civil Court
in case any additional FSI is available, its benefit would be accrued to the society, the developer cannot claim it. Please file a civil suit against him in the Civil Court
Helpful
Helpful
Share
A.Dear Sir,
It seems the property is situated in a place other than Bengaluru city. Please consult local lawyer who is more acquainted with local laws and customs and get legal advise.
It seems the property is situated in a place other than Bengaluru city. Please consult local lawyer who is more acquainted with local laws and customs and get legal advise.
Helpful
Helpful
Share
Read Related Answers
Flat Purchase
Dear Client,
In addition to the above, you need to obtain the following documents:
Mother Deed
Building Approval Plan
Sanctioned Plan Copy
Water & Sewage, Pollution, Electricity Approvals
Commencement...
Regarding undivided property
Dear Client,
According to the Hindu Law of Inheritance, the paternal property that is undivided for at least four generations qualifies as an ancestral property and the coparceners have an equal share...
Property - Our share of property
Dear Client,
A property when left by the deceased owner intestate i.e, without any will, is devolved upon the surviving legal heirs in equal share following the law of inheritance/succession. In ca...
Confiscated phone
Dear Client,
If a school is generally follows the CBSC rules strictly in all aspects then it might not be possible to recover your device back. Talk to the management authority and write a handwritten...
My mother and my wife needs safety for a PLOT
Dear Client,
Your mother can transfer the property to you by executing a gift deed in your favor. In that way, there will be no apprehension of losing the title over the property or anyone else claimi...
Read Blogs on Property
Property Lawyers
Find Lawyers by Location
