In a redevelopment of a tenanted property, that commenced during 2005, possession to tenants given during 2010 to 2012, in which OC is yet to be received till date, Mcgm has demanded Transfer Premium + interest in Dec 2019 which Developer has demanded from the tenants, presently chsl members. Whether Premium is to be paid to the Developer at 2019 apllicable rates or at 2010 applicable rates. The Developer has yet to fulfil providing certain amenities as pef Agreement. For benefiting 3/4 tenants from the Extra FSI approved during 2017/18 that would regularize the construction of sale area beyond the intial plan approved BU Area, Developer delayed completion and OC. Can we enforce the developer's commitment on amenities before paying premium. Whether intetest also is payable by tenants. Kindly advise.
Dear Client,
The transfer or porting of the home loan account from one Bank to another shall not change the provision of the Income Tax Act applicable in your case. The rebate allowed on home loans un...
Dear Sir,
You have to go through the rules and regulations of RERA Act and better contact any local advocate who is knowing local laws for getting effective legal advise.
Dear Client,
Unless the original doner and the original donee of the gift deed execute and register a rectification deed or supplementary deed bifurcating each plot of land in the Schedule of the Prop...
Dear Client,
You can send a legal notice to the landlord and demand to repay the security deposit. In case of inaction from the landlord, you can file a suit under Order 37 of CPC before a jurisdictio...
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MCGM Transfer Premium on Redevelopment of Leased Tenanted Property
I had purchased an under construction property in 2017
