LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Rav0206 (engineer)     29 May 2013

Can i sell the terrace in my 30x40 site

Hello All,

I tried searching a solution for my below mentioned problem, but could not so requesting the resourceful persons here.

 

Question: I have a 30x40 in Bangalore and built up ground floor(took approval only for this from BBMP). now due to some finacial problem i was planning to sell it off, but my friend suggested me that he will build 1st floor and 2nd fllor for himself and pay me 15 Lacs for this. I just want to know weather its possible to allow my friend to do like that and how can he take legal ownership for 2 floor and late i should be able to build 3rd floor myself.

Kindly advice me on this.

 

Thanks

 

Ravi



Learning

 1 Replies

bhagwat patil (Property due diligence 9422773303)     29 May 2013

You can sell FSI therein your construction. In sale deed mention the actual area you want to sale the remaining FSI you can enjoy.

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register