Legal Question in Real Estate Law in India
Sir, I have purchased a built house near a railway track. I have obtained survey sketch, approved building plan from local authorities (city municipality & urban development authority) and also no objection certificate from railway authorities. However, I have heard that railway authorities and civic authorities are planning to build an overbridge as traffic is very heavy.
In this backdrop, I may have to give up my land+constructed house for the project. Now whether am i entitled to get compensation at market rates or land acqusition rates of govt. I have taken a loan from Nationalised Bank and am i able to get compensation at least for the loan amount outstanding. Please reply
1 Answer from Attorneys
Land acquisitions are normally made at market rates.
In case you are not satisfied with rates offered for acquisition, you can approach court for enhanced compensation.
Related Questions & Answers
-
What is the stamp duty applicable on lease agreement in ahmedabad, Gujarat ? Asked 1/07/10, 3:49 am in India Real Estate and Real Property
-
Do children have to sign in the deed of sale of mothers self earned property Asked 1/07/10, 3:30 am in India Real Estate and Real Property
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
