MCGM Lease Land

5 years ago

Sir, We are a Regd CHS. The Land on which the Building stands belongs to MCGM. MCGM has given the Land on Lease to the Society. MCGM has built the Plinth in 1972 and sold the Plinth to the Society. Thereafter we the Members constructed the Entire Building out of own Funds. At that time all the original Members were MCGM Employees. The condition laid down by MCGM in 1972 was that first the Members form a CHS and only then they would permit to construct the Building. So in short. The Land belongs to MCGM, Plinth and structure is owned by the Society and the Flat is owned by the Members. Now the question is: Can the MCGM demand transfer premium for the Sale/Transfer of any Flat in an Ownership Society like ours ?? Secondly, Can the MCGM put an embargo/ban on any sale of Flat by any Member by putting a condition that...The Flat cannot be sold to any one ,except an MCGM Employee ?? The Ready Reckoner Rate of the Flat today is 1.44 Cr. Which salaried MCGM Employee would be able to accquire at this rate ?? These are my two queries for which I seek advise urgently. Thank you