Results for #developers
Legal
#land#developers
I own an apartment in a township, but the land is still in the developer's name. The local municipality is asking me to pay the tax but issues receipt in joint name of me and developers. Is this legal?
I own an apartment in a township, but the land is still in the developer's name. The local municipality is asking me to pay the tax but issues receipt in joint name of me and developers. Is this legal?
| 
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Unless the land is transferred to your name and/or the name of organisation of partner owners, the receipts issued by the local municpality in the name of the Developer and yourself is perfectly legal.
Purchase & Sales
#purchase#flat#cc#developers
I am looking to purchase a flat on the 10th floor and C.C. is upto the 6th floor. Why do developers not obtain the full CC in one go?
I am looking to purchase a flat on the 10th floor and C.C. is upto the 6th floor. Why do developers not obtain the full CC in one go?
Answered on November 08, 2017
It is not always practically possible to obtain full CC at one go. There are huge premiums that need to be paid. If they are paid in one go, developer will incur heavy finance charges on the same, which ultimately will be passed to the consumer.
