Valuation claim must be backed by evidence

The National Commission observed that even though the builder had disputed Naik's valuation, the latter had failed to produce any evidence to support his valuation claim


Jehangir B Gai
Narasinha Manjanath Naik was the owner of a 230 square feet (sq. ft) flat in Building No. 15 at Shastri Nagar in Goregaon, Mumbai. The building had 32 flats. Its owners formed the Shastri Nagar Namrata Co-operative Housing Society (CHS) and transferred their rights in the flats to the society. Each owner was allotted five shares in the society.

When the building became old and uninhabitable, the society decided to opt for redevelopment. The project was entrusted to Sunil Shah, HUF (Hindu Undivided Family), as proprietor of Ayyappa Construction Co. According to the memorandum of understanding (MOU) executed between the builder
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 30 2022 | 10:38 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to