My society is going for redevelopment and I want to upgrade my flat from 1 BHK to 2 BHK.
The builder is asking me to execute an notarized MOU and pay him the entire lumpsum amount at one go on of before the execution of MOU so that he can give me a discounted rate. He is saying that the price will increase substantially if I want to follow some periodic payment schedule.
Kindly suggest if I should pay him the complete amount at one go now or should I follow some specific payment schedule/slab. What is the ideal payment schedule/slab for a redevelopment project where the existing member want to upgrade his current flat ?
Pls note that the project is not yet registered in Maha RERA but he has received provisional IOD from BMC/RERA.
A.Dear Client
Regardless of how you and the builder decide the have the payment schedule you need to ensure that every details including your payment schedule and whatever is paid at an agreed rate must be the part of the MOU or agreement. If anything goes awry later on then you can refer to that document.
Dear Sir,
It is a disputed issue which has to be decided again by the Civil Court and you must seek cancellation of such judgment since you are in possession of regular Sale Deed before judgment was p...
Dear Sir,
It is a complicated issue. Now a days you cannot believe even the family members. If you go legally it will take years together. If there is possibility take possession of some part of the h...
Dear Sir,
You have to get issue a legal notice to remove co-owners name as it was only for name sake as there was no contribution from him. If builder did not do that then you have to approach Civil C...
Dear Sir,
Approach Civil Court and get permanent injunction against him as he is unnecessarily interfering with your legal possession. If anything is encroached by you it has been perfected by way of...
Dear Sir,
My answers are as follows:
1. How do I recover this 50% money which is being transferred to my aunty? Aunty is not the legal heir. My brother and I are legal heirs.
Ans: Your aunty is a str...
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Flat Upgrade in Redevelopment Project
Decree by court i r o Specific PERFORMANCE of contract agreement
