Mohan Natarajan, Chennai
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Sample MOU for re development of property in Chennai
Q: I want to have a well drafted MOU for the redevelopment of a JV arrangement with TNHB flat owners. We want to insist on criteria for selection of builder for the credentials including Audited balance sheets for the last three years with a minimum Business Turnover of 20 Crores , ISO 9001 certification , ITCC for the business entity , minimum of one JV with a TNHB flat owners in Chennai, Solvency certificate from a banker for the project value and completion of the project within the stipulated time frame with all the approvals

Latest Answer: I can understand your concern. I would like to suggest you to have a thorough discussion with 2 or more builder and action plan and rate description. Also, you can consult a reputed lawyer to know more about the legal aspects involved in this case.

How important is Patta for a TNHB flat owner ?
Q: I am one of the co owners of a 12 flats in a TNHB apartment . The building is pretty old and we are to reconstruct the property . Normally in TNHB allotment schedule of property the footprint of the flat shared with others alone is mentioned in the Sale Deed and not the overall size of the plot. Pl specify if Land patta is required for the same . Also let me know whether we can view the Chennai properties patta online in TN Govt website .

Latest Answer: Hello, I have bought 1 flat out of 11 construction in our building. Do we able to apply patta separately for my flat or Undivided share registration. Thanks

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