Respected Experts ,
As a landlord my building is declared under C1 , and building is due for demolition, the physical measurement has been done of each flat and area statement has been issued to landlord with copy to tenants . In new development landlord is planning self development since no builder is coming forward with any feasibility. The pagdi tenants who paid us hardly 100-200 per month are now asking for more area than existing and that too as ownership plus interim rental . All this is practically not feasible for me as I am a landlord but I am also am salaried and have same challenges like tenants . Just because I am called landlord does not mean I have lots of money.
my question is : can I offer same areas as mentioned in BMC area certificate issued and can I continue with these tenants on rental in new property since they are unwilling to spend any amount ? If they don't agree , thru court can I surrender this area and move ahead on redevelopment so that I at least am able to rebuild and move back into my property.
your expert advise will be of great help .
