Legal Question in Real Estate Law in India

I need help for my cousin problem is his brother is claiming the preemption right and has sent a legal notice that he wants to buy my cousin share but his offer is too low.

How can my client overcome this situation and one of my friend is ready to buy this property and he is giving good price against my cousin share how to overcome this situation Legally so that my cousin get more amount for his

share Legally and my friend can also buy his share Legally Please help us out.


Asked on 2/26/13, 6:23 am

4 Answers from Attorneys
Fca Prashant Chavan Expert Edge LLP

26.02.2013

Dear Sir / Madam,

(Khondwa, Pune, Maharashtra)

First ascertain the market value of the property and then derive the share your cousin should get for it.

Regards,

FCA Prashant Chavan

Mumbai

(You can also mail me for any further on-line advice at [email protected])

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Answered on 2/26/13, 9:04 am
Jayesh Desai Jayesh Desai

You need to consult a lawyer, one needs to examine the documents and identify the facts before an opinion can be given.

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Answered on 2/27/13, 12:38 am
Shrichand Nahar S.V.Nahar, Advocate

Person claiming pre-emption right is required to match the offer at market value.

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Answered on 10/06/13, 12:44 am


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