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Hrushi   26 September 2024

Redevelopment of Co Op Hsg soc in Mumbai

Can a shop owner opt to take from developer a residential flat during Redevelopment in lieu of his shop .
What are the implications of Stamp Duty and GST due this changeover.


Learning

 2 Replies

T. Kalaiselvan, Advocate (Advocate)     26 September 2024

If it is a redevelopment of combined property i.e., residential and commercial and if the developer accepts the request and has entered into an agreement accordingly but by complying with proper law in this regard, then you can proceed, however you should have asked this question with the developer and not at this place which is an incorrect place. 

Dr. J C Vashista (Advocate )     27 September 2024

Terms and conditions of the agreement shall have to be perused for forming proper opinion.

Stamp duty is a State subject which differs from a State to another, contact and consult a local prudent lawyer.


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