Ancenstor (Vadiloparrjit) property
5 years ago
Sir,
We have ancestor property. We are now around 20 owners as per property card. Some of the owners are willing to sell thier part.
1. Should they conduct meeting with other owners and inform them we are selling our portion? They should take our consent first n then go for it.
2. Is it manadetory to ask other owners if we are willing to buy their portion?
Appreaciate your quick response...!
Thank you,
Chait
Deepak Yashwantrao Bade
Responded 5 years ago
Before sale you must offer to the co-parcerner if refused then only you can go ahead.
Johnson Thangiah
Responded 5 years ago
It seems that your matter is complicated.All the owners jointly appoint an Arbitrator through this process you can come to a peaceful settlement of disputes.The court process will consume more time.
Bhandari Law Firm Advocate & Attorneys
Responded 5 years ago
In joint Property you have share but it would be not clear that you are owner of which portion.
So delivering possession after selling would be difficult for you.
First you should get your portion out of that land and if your portion is clear then there is need to call any one you may sell your share/portion and no any consent is required
Anonymous
Replied 5 years ago
Sir,
Thanks. Just to make it more clear, property a old 'wada' in city. (some part is not constructed and some part has been developed- flats in our possession) we r planning to give it for redevelopment. Buider has offered us 2 options...1. X amount in cash or 2. X no. of flats.
Initially all the owners were ready for 2nd option (flat)..but due to delay from builder, Now Some r willing to go for flats after development and some r willing for cash before the development.
Questions are:
1. Owners who r willing to take cash, Should they conduct official meeting with other owners and inform them we are selling thier portion to builder/one of the owner of property?
2. Is it mandetory to ask other owners if they are willing to buy their portion in cash before asking any third person?
Johnson Thangiah
Responded 5 years ago
Your question is not clear- whether that property divided or undivided or joint one .....?
Anonymous
Replied 5 years ago
Sir, Thanks. Just to make it more clear, property a old 'wada' in city. (some part is not constructed and some part has been developed- flats in our possession) we r planning to give it for redevelopment. Buider has offered us 2 options...1. X amount in cash or 2. X no. of flats. Initially all the owners were ready for 2nd option (flat)..but due to delay from builder, Now Some r willing to go for flats after development and some r willing for cash before the development. Questions are: 1. Owners who r willing to take cash, Should they conduct official meeting with other owners and inform them we are selling thier portion to builder/one of the owner of property? 2. Is it mandetory to ask other owners if they are willing to buy their portion in cash before asking any third person?
P.Venu
Responded 5 years ago
Anonymous
Replied 5 years ago
Sir, Thanks. Just to make it more clear, property a old 'wada' in city. (some part is not constructed and some part has been developed- flats in our possession) we r planning to give it for redevelopment. Buider has offered us 2 options...1. X amount in cash or 2. X no. of flats. Initially all the owners were ready for 2nd option (flat)..but due to delay from builder, Now Some r willing to go for flats after development and some r willing for cash before the development. Questions are: 1. Owners who r willing to take cash, Should they conduct official meeting with other owners and inform them we are selling thier portion to builder/one of the owner of property? 2. Is it mandetory to ask other owners if they are willing to buy their portion in cash before asking any third person?
Anonymous
Replied 5 years ago
Sir, Thanks. Just to make it more clear, property a old 'wada' in city. (some part is not constructed and some part has been developed- flats in our possession) we r planning to give it for redevelopment. Buider has offered us 2 options...1. X amount in cash or 2. X no. of flats. Initially all the owners were ready for 2nd option (flat)..but due to delay from builder, Now Some r willing to go for flats after development and some r willing for cash before the development. Questions are: 1. Owners who r willing to take cash, Should they conduct official meeting with other owners and inform them we are selling thier portion to builder/one of the owner of property? 2. Is it mandetory to ask other owners if they are willing to buy their portion in cash before asking any third person?
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