Investment query Investment query

7 months ago

Planning to get a heavy deposit flat but the society is going for redevelopment in 2/3yrs... Is a good idea to get the flat now

Anik

Responded 7 months ago

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A.Dear client,
The builder is not obligated to give you more than what you have invested. Everything boils down to the redevelopment agreement to be executed between the builder and the owners, but the general practice in the event of redevelopment is to give more than the area redeveloped by the builder. There is no structured law on this.
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