Background: Our building is going for redevelopment. We have 2 closed garages in the building that we were using as a shop since the start. Both these garages are in the building compound, but not under the building. Currently, we are not running any business so its closed for about 10 years now. We are still paying the commercial rates for electricity and property tax even today.
Question: The builder is offering us 2 slit parking space in the new building in exchange of these 2 garages which we feel is unfair. We don't want to bully the builder with unreasonable demands but at the same time we need a fair price in exchange of our garage space. The property tax bill says that the approx. value for them is about 50L.
Our ask:
1) To give us the same closed garage option in the new building (this is not possible because of the new layout proposed by the builder)
2) To give us the exact same area of those two garages (300 sqf) in a new flat and we would pay for the balance new space
3) Pay us as per the current rate - about 40K * 300 = 1.2Cr
Let me know your legal view.
if you feel the builder not fixed a fair and decent price or replacement then you can approach a local lawyer and initiate legal proceedings
