We are planning to construct a ground,1,2,3rd floor alongwith stilt for parking and a basement. The undivided land ownership will be 22.5% for each floor and 10% for basement. My query is how much should basemnt land share should or should it be 0%
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One owner has 50% landshare for basement and ground floor, I have 33.33% for first floorand second floor owner has proportionate landshare. How much will propotionate mean. Builder is saying it should be 25% each for basement,ground,first and second floor. In the new building it will be 10% for basement and 22.5% for four floors. So i am giving up almost 11% landshare whereas the other 3 together are given up 11.5% for 3rd floor
These are the rights which are attached to the property and no matter at what point of time they have become available in relation to the suit property. Whenever, they arise they are to be divided equally between the parties
For basement it should be equal share for all legal heirs
Firstly, it should be equal for all, but someone is ready to take some extra or more in any specific floor or basement then he should also ready to take less or more in any specific area. It is totally in between the parties mutual consent otherwise would go equally.
Lastly,I would suggest you take some advise on building by laws in Delhi as it is now a days ban over construction, and also follow the laws in regard to the height and basemen construction as rules are very strict. Go wisely.
All the flat owners have conjoint, common and undivided interest in the basement.
This can't be quantified, hence, can't be mentioned in the sale deed.
We are planning to construct a ground,1,2,3rd floor alongwith stilt for parking and a basement. The undivided land ownership will be 22.5% for each floor and 10% for basement. My query is how much should basemnt land share should or should it be 0%
You should hav drawn a plan for construction of this property as per desired design, if that is the case you should have submitted design and plan before the authority competent for approval?
Is it not mentioned that how much has been the common area in each and every floor?
Have you not asked or consulted any engineer so far about this?
What is your actual area of concern?
it is not necessary that one has a share in the basement, you can make a clause with regards to the same at the time of selling such floors
if that is the case as elaborated in your follow up question then each of you should have 25% share, it shall then by 25% of everyone
Regards