How to Sell Old Buildings in Surat

How to Sell Old Buildings in Surat

Posted BySystem Admin
Posted onOct 14, 2026, 11:36 AM
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How to Sell Old Buildings in Surat

There is a significant challenge in selling old buildings in Surat because there is a lack of clarity among housing societies on how to approach the process. Let’s take an example: Suppose you have a plot of land measuring 1,000 square yards, and the current land price is ₹1 lakh per square yard. This means the total land value is ₹10 crores. If there are 10 units in the building, each unit holder should technically receive ₹1 crore. For this to work, all 10 unit holders must come together and create a Memorandum of Understanding (MOU) stating that everyone is in agreement to sell the land at that price. However, in our experience, the process often hits a roadblock when a couple of individuals demand a higher price—for instance, asking for ₹1.2 crores instead of the agreed ₹1 crore. Because of this, unity is broken, the building cannot be sold, and everyone ends up feeling stuck. I encourage you to share this video with your housing society members. If you need professional consultation, please feel free to reach out to us. Thank you.
How to Sell Old Buildings in Surat - Karma Realtors Group