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Prasad Patwardhan (Techno-Legal professional)     08 May 2010

Transfer of tenancy rights with Pagdi [pugree / pagri]

I am salaried person from Pune looking for office space in Mumbai for my future legal career .

An estate agent has recently shown me old offices in South Mumbai which are in Pagdi buildings.

I believe that under Mah Rent control act, tenancy rights can sold by current tenant to another [not ownership rights though] by paying Pagdi to the current tenanl with consent of landloard & registered.

Q-1: Can soneone confirm that such transfer of rights conferr good tenancy title to new occupant as that of old.

Q-2: Do nationalized [or co-operative ] banks give loan for Pagdi. If yes, which ones.



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