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regarding redevelopment of building

 lodhadk on Aug 9, 2012
sir, i have a flat in building in mumbai - borivali (west), the building is at prestigious place, it is going under redevelopment and i dont stay in mumbai, i stay in rajasthan, i have provided my mobile number and communication address to the society also but there has been no serious communication from either from the society or builder, recently i have been informed by one of my friend that the building is going to be demolished - i think - all the things have been finalised and till yesterday there has been no communication from the builder to me and still the society ahs not informed me anything. i have let out my flat to old couples they keep traveling, and tenant feels no responsibility towards me so he also don't keep me informing. is there any thing i can do as till todate i have no information about new allotment, new flat, new area etc. pls help and guide so that i can have equal opportunity as other had
Answers Real Estate


Answers

37 days ago by
Prasad Chavan
 
respected sir, i am staying at shri sai chhatra chsl, r c patel road, sodawala lane, borivli [w], our plot area is 420 sq mtr, usable carpet area is 4200 sq ft flat owners are 13, corpus fund is 350/- per sqft, 41% extra area, 55/- per sq ft rent, new bldg is 7 floor. tdr will be loaded in society name. as per government directive under section 79 (a) 20% will bank guarantee of total project cost. my question is what would be our total project cost, bank guarantee 20 % is compulsory or it will consider as per feasibility of developer.

another question is that our plot area is small what will limit for parking space. is it compulsory as per number of flat owners resides in society or there is any concession for small plot area society.

you may contact me at prasadchavan000@gmail.com mob no 9869432693.

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