For our society redevelopment, we have a commercial premises on ground floor and builder has made a very discrimatory and unacceptable offer as under :
- he has refused to give us the fungible and despite our written indication of bearing any extra cost or accepting additional space on floor above, he refuses.
- builder has offered a rent far below existing market rate .
- builder has not given any bank guarantee and given a lien on developed flats in same building to be redveloped. this olffers no guarantee of he fails to complete project.
other members have been offered very lucrative deals and have signed and proceeded to get IOD .]
what can we do to stop builder and society from proceeding.
Asked 26 days ago in Property Law
Religion: Hindu
other members encroachments have been legalized and they are being given 35% fungible as well as benefits but we are being told we will only get 15% after haggling. further the other members have proceeded without bank guarantee and accepted the flat lien instead. Can discriminatory and potentially risky terms be forced on us by majority?
Asked 26 days ago
we cannot comprehend but guess he wanted popularit in area as its new for him, so he gave all a fantastic offer legalizing encroached spaces and illegal garages.. and us a unfair one as we would not accept as we did for last 2+ years. others get 39% extrra area and we less than half of it. plus we get a third of prevailing commercial rent..others close to market.
Asked 26 days ago
thank you for your answers.. 79A and development agreement are signed and done - new dcpr 2034 allows for the same 35% fungible for commercial as well as residential. The society has sent a notice to vacate premises.
is our case in cooperagtive court since 18 months valid reasons to not vacate ?
in case the builder manages a report that structure is dilapidated then what can we do to stop builder from proceeding on clearly illegal terms?
Asked 23 days ago