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Magicbricks.com moderator says: The Indian real estate market is expanding as never before and with real estate developers offering unique and competitive features, the buyer in most cases ends up in a win-win situation. However this isn’t the case with all as one of our reader’s had invested in a property on which another party is laying its claim as a grant land. The construction on that land has been stopped as the case has been taken up by the High Court. Now the question that arises is will the builder pay any compensation for the delay? And what steps should he take to save his property? Post your opinions and suggestions to help our reader.
Ravi’s Query
“I have purchased a builder share flat in Kundalahalli, Bangalore. The property was registered in Jan 06, and the flat was supposed to be handed over by March 06, but till the date 15 Aug 07, it has not been handed over. Meanwhile, another party is claiming that the land was a grant land and it belongs to them. Now the construction has been stopped and the case has been taken up by the High Court. The builder has added a clause in the sale deed that any defect in title is to his account. I wonder if the builder will pay compensation for the delay and what steps should I take to protect my flat?"
Hi,
I've been transferred and hence want to give my flat on rent in Delhi.
What steps should I take to mitigate the fear of an illegal possession by the tenant?
I am asking so because I've put my hard earned money while purchasing this flat.
Thanks in advance.
Ajay
Posted by: ajay | October 13, 2008 at 09:59 PM
okokokook
testing
Posted by: ok | January 14, 2008 at 02:29 PM
if it is grant land the builder has to apply for permission of transfer to a particular name from whom the land is granted.
surely the case will be won by the land lord in any lower or higher court .
Posted by: prasad | December 29, 2007 at 01:05 PM
One of our clients had a similar problem. We had a tough time negotiating with the builder. Once the matter goes to high court, it is one tough call. Real estate has become more of mafia driven with overnite builders and shady and corrupt politicians. I wish you good luck
-Sheetal
http://www.bangaloredreamhomes.com
Posted by: sheetal | December 26, 2007 at 07:47 AM
One of our clients had a similar problem. We had a tough time negotiating with the builder. Once the matter goes to high court, it is one tough call. Real estate has become more of mafia driven with overnite builders and shady and corrupt politicians. I wish you good luck
Posted by: sheetal | December 26, 2007 at 07:45 AM