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I own a piece of land in Thane jointly with my three brothers. Now we have approached a builder to build a residential property on that land. We have received two offers from the builder. One, he will pay us 40-60 lakhs and 4 2BHK flats. Two he will give us a lumpsum amount of 2.5 crores. Will the proceeds from this development be taxable, and if so what will be the tax rate in each scenario?
I have purchased a new appartment and all the rooms have French Windows without any safetyl grills. What is the best modification available in this situation as the society has a strict no grill policy?
I bought a flat in Kolkata in a G+3 building which has 4 flats. The builder has sold a parking space to each of the four flat owners. But the plan originally had only 2 spaces. As it turns out, he has sold the passage as a parking space, and reduced the size of the security room to make room for another parking space. Can we take any action against the builder in this situation?
Am I allowed to make modifications to a flat that is bought in a ready building? If yes, what are the modifications I can make?
Is there any particular reason for the use of granite door frames in wet areas, and wood door frames in dry areas?
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