Redevelopment of Coop Siciety
23-Sep-2023 (In Property Law)
Our Coop. Housing Society located on link road Goregaon west have free hold & wants to go for redevelopment with an individual loss making company (As per balance sheets submitted by the developer) which is a company of a Director holding 1/3rd share in a major builder group. They have shown & submitted the details of the major group's projects but wants the agreement of redevelopment of our society in the said individual loss making company. Please advice is it right to do so & if any dispute arises in non development where we stand in the court of law.
Sir you have so many option in market. Make fresh advertisement in Times of India or sakal you will get financially stable property. do not put your society in loss by giving them work who were already in loss.
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