Arijit Mallick, Kolkata
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Looking for refund from Builder
Q: We booked a flat in Kolkata that is due to be handed in early/mid 2018. However, the location feels far to us now & we want to go back on the deal. The contract says the breach would amount to some Rs.50,000 penalty. We have paid 7lacs till now & ready to bear the 50k penalty. My question is, will this be a smooth process or is there a chance for the builder company to cheat us or extort more than 50k? Just looking for any experience/advice on the matter before I approach the builder company regarding this. Any helpful response is appreciated.

Latest Answer: can you reply back at birlok@gmail.com to discuss further. we can form a group and discuss. Thanks

Is there a way get market price for pre-rented apt. building?
Q: We have a pre-rented apartment building in Bhawanipur, however, all the tenants are aged & tenured since grandparents time. The rents collected are laughably low for that area. Would like to sell the whole building if we can get the building's current market value. Is it possible? If not, any way to boost rents to current rate for the existing tenants?

Latest Answer: Thank you for your quick responses Rajarshi & Subhajit. I am more keen on selling off the building. Where can I start to find interested buyers?

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