Can I sell a commercial property for residential purposes?
I purchased a residential flat upper ground floor in Bihari colony, Shahdara, Delhi in 2017, but recently I got to know that it is passed as commercial floor as per the mcd sanctioned plan. But the seller sold the floor as residential and the previous title chain is also residential. My question is can I sell my floor as commercial as it is a commercial floor as per the sanctioned plan. If yes then what would be the procedure? The electricity meter is domestic & I am paying residential property tax. Also can I take action against the erstwhile owner who sold me and the previous owner this property by concealing the use factor of this property?
Yes, you can sell your flat as commercial as it is a commercial floor as per the sanctioned plan. However, you will need to get the property converted from residential to commercial use. For further enquiry contact us on helpline number.
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