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Divyesh (AM)     20 May 2012

Redevelopement of tenency bldg(dcr 33/7)(mumbai)

Landlord along with a developer has approached the tenants of the bldg for redevelopement. he has shared with us his offering and but no plans/ permissions has been shown to us.

He is asking us for irrevocable  Consent based on the offer given.

As far as Developer offer is concerned--- (offer given to us is on a A4 size white paper(Not a letterhead)

he is not ready to give

1. Bank Guarantee 2. Corpus Fund 3. no share from fungeable fsi.

 

please advise



Learning

 4 Replies

Alok Tholiya (self employed)     21 May 2012

While u should try to protect ur rights by having a solicitor common to all tenants but it will; be illegal and unethical to ask share from fungible FSI or any thing beyond ur own area as u r only tenant of area occupied by u and all other rights and responsibilities lied with landlord.

S Jadhav 98336 98330 (Jadhav & Associates)     21 May 2012

Please do not give the irrevocable consent unless the tenants are all satisfied about the plans. Many times in case of redevelopment, builders and others may give you plain paper designs and plans and promises but they have no meaning. While you consnet is vary valuable as the builder can file the Annexure - II and once it is filed then you may be unable to do anyhting if the builder does not do as per his promises as the promises are not registered along with the consent, In fact the consent foramt is made by the builder it self.

You as a collective tenants can insist that the Consent format be made jointly and that the builder firm gives an affidavit that they will not transfer the consent to any othe body other than the one mentioned in the consent ( Ask the builder to remaove the words - heirs/assignees, etc. - Please take help of a seasoned advocate.)

Please ensure that the consent is only to the named person and cannot be transferred. This is so because in most of the cases the builders or their agents play a game of getting consent letters from the tenants and if there are more parties involved each party will "sell" the consent letters to the other for a sum or showing that they have joined hands, etc.

The Government or the local authorities do not educate the tenants on these aspects as they are together in it for the redevlopment.

You may negotiate for all that you may wish. what the builder gives you is based on your negotiating power and the builder may be unable to give you more as his costs could be more and profits less. But the builders do not want to state these costs transparently as somtimes there are "hidden" costs or profits.

S Jadhav

Gulkit (Director)     12 June 2012

Hi, my bldg is under redevlopment scheme DCR 33(7) as per government gazette dated 25-01-99, I have not yet received the pocession, it is still under construction will get the pocession within 2 months, I wanted to know during this tenure or after getting the pocession, can i sell my flat?....coz i have heard that under this redevelopment scheme we cannot sell the flat for about 10yrs (means flat cannot be transferred in others name)....it is not under MAHADA, its a private buider....and nothing as such is mentioned in the irrevocable consent nor in the agreement between us and the buider...but someone told me that it all depends upon the redevopment scheme.....

please advice urgently..whether i can sell or purchase the flat in that bldg, will it be transferred?

S Jadhav 98336 98330 (Jadhav & Associates)     12 June 2012

Please provide details of the consent terms and the agreement with the builder thatyou have so that appropriate advice can be provided.

S Jadhav


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