Builders can sell flats as they have been given GH plots with rights to develop and sell flats as per guidelines prescribed by Authority. Once sold, the flat buyer becomes a direct lessee of Authority.
Builders can sell flats as they have been given GH plots with rights
Few more points:
1. Is freehold title of the land sufficient requirement for selling of the floors. Or are there any additional permissions/approvals required from authority for selling the floors even on the freehold residential land.
2) I've heard that with the passage of time authority can give an option to land owners to convert leasehold land into freehold. Does it depend of authority only to take this decision or can an individual approach the authority to have the title of his land changed.
3) Are there any set rule as when the authority shall give the option of title conversion of land. Can athurity can keep the title leasehold forever.