We have entered in to a 'Agreement for Sale of Land" in the year 2009 after receiving a token amount og Rs.1,10,000.00 and the purchaser paid no heed to get the registration done and he vanished and remained out of touch till 2015 and in October 2015 he again entered into an agreement and paid Rs.1,40,000.00 and kept on non co operative mode to get the registration done till now ie 31st July 2018, The total consideration he agreed was RS.5,70,000.00 for 615 sq ft and now the rate of the land has reached RS17,22,000.00 but he is reluctant to pay a single peny more than the amount in the agreement. He is in possession of the plot of land where is running his business but has not paid a single peny as rent till date . He has not obtained NOC from the land lady to run his business in that plot of land. Now we wish to give him three options (1) Pay the current rate and take the ownership (2) IF you can't afford to pay the current rate them sign tenancy agreement and continue business (3) If you cannot abide by point no 1 & 2 then vacate the place within 30 days. He has also lost a evacuation case in 2008 when he was asked to vacate the space by the court but he ignored it.
There is another party that is ready to purchase some 200sq ft of space at the current rate, he is a new intested party.
The current value of only the land is Rs.2450.00 per sq.ft whereas he is running is office in a single storey building constructed by the owner.
Can you please tell me if I'm wrong in my demand (The owner of the plot of land is a 90+yrs old widow)? Also if the reply can be made via e-mail so that this reply remains between us and by no chance they some to know about my enquiry.
