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When flat for fee is not so fine

Several lawyers representing real estate clients were offered flats in lieu of fees

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Business Standard
Last Updated : May 16 2017 | 11:38 PM IST
Some cash-strapped real estate players stuck in legal imbroglio have found a use for their unsold inventories. Over the last couple of years, several lawyers representing real estate clients were offered flats in lieu of fees. A Supreme Court advocate, who had entered one such flat-for-fee arrangement, now laments that he is stuck with two flats and no buyers for them in a dull real estate market.

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