My father owns a 30 year old house on land area 1800 Sq Feet : (2.5 Kattah (or Cottah)) in an upscale area of Kolkata- Ballygunge area. We are talking with our neighbour who also owns a house on land area 1800 Sqft.
My father and his neighbour wants to give their house (1800 +1800 = 3600 sqft land) to a builder..
In this area Kolkata-Ballygunge new flats are going around in the price of INR 6500/sqft
Do the builder will construct G+4 floors (8 flats each 1300 sqft) in the 3600 sqft land ? ( We have seen other neighbors doing G+4 bldg on similar size land)
1. How much my father should ask ? ( Two flats each 1300 sqft super built up Plus 20 lakh cash Plus rental in a 1300 sqft flat in equivalent area during construction period).
2. Is this a fair deal or this is too high or this is low ? Sometimes Builders use terminolgy 60-40 ; 50-50 . What is that ?
3.Do the builder will amalgamate the two property through Municipal Corporation ? (Father house and neighbor house)
Is there any danger/hassle during amalagamation of two properties ?
Thanks in advance. Kindly advise.
