We own a cinema hall in Varanasi, Uttar Pradesh. It has a spacious 3,000 square meter open area in front, a 1,500 square meter covered building, and 800 square meters of open space surrounding it. We’re considering selling the property.
Is it possible to sell the property in parts, like the front open land separately, and the remaining building and cinema hall together? If so, where do we need to apply for permissions? If not, do we still need any permissions before selling the entire property in one go?
Also, could we potentially develop a group housing project on this land? We would appreciate it if you could advise us on the relevant legal sections and permissions required.
Yes, you can sell the property in parts. You'll need to apply for a "No Objection Certificate" from the local Municipal Corporation for the separate sale of the open land. Selling the entire property might require a "Transfer of Property" registration with the Sub-Registrar. Developing a group housing project requires a separate building plan approval from the local authorities, along with land use change permissions from the Urban Development Authority.
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