Sunday, December 11, 2011

[HumJanenge] query on unscrupulous builders converting tenanted property into a trust

Dear all,

We are a group of tenants living in a building purchased by a
developer some years ago. There is a dispute on between the tenants
and the builder over redeveloping the property.

Suddenly, the builder has sent an intermediary asking us to settle the
matter for cash - at a price far below the market price instead of
giving the tenants permanent alternate accommodation.

The intermediary has warned us that the builder could transfer part of
the premises to a trust and under laws applicable to the trust evict
the tenants on the grounds that the trust requires the property for
own use.

Please tell me under what sections of law would this work?

shiv kumar

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