Chapter V: Properties On The Row House Plots Alotted by CIDCO

Image for representation

By Advocate S. R. Agarwal

CIDCO has been allotting plots to the individuals for the construction of independent Row houses for their residence at the rates decided from time to time. The allotment of such plots also carries restrictive condition against the transfer or assignment of the right, title and interest in such Properties. The relevant condition from the allotment letter of such plots is reproduced below:-

“ TRANSFER OR ASSIGNMENT OF RIGHTS :

You shall not transfer or assign your rights, interest in, or benefit under the agreement concluded between the Corporation and you in respect of the plot allotted to you as a result of the acceptance of your offer by our Corporation for allotment of plot save and except with prior written permission of the corporation and further on payment of transfer charges. Provided that no permit shall be granted until you shall have paid an agreed premium in full and any other amount required to be paid by you to our Corporation and abided by the terms and conditions herein stated”.





Similar Articles

Leave a Reply

Top