Legal Question in Real Estate Law in India

Can one buy flat from Project Affected Person? If anyone has already purchased and stamp duty and registration is paid on the said flat what is the status of the owner? What are risks involved?


Asked on 5/05/14, 3:31 am

2 Answers from Attorneys
Fca Prashant Chavan Expert Edge LLP

05.05.2014

Dear Sir / Madam,

Yes, you ca purchase a flat from Project Affected Person. A person becomes an Owner of the property only after he / she has fully paid off and settled the agreed purchase consideration to the Seller. If the registration has been done in the name of the Buyer, but if the agreed purchase consideration has not been fully paid and settled to the Seller, the Purchaser does not legally own the property.

Regards,

Read more
Answered on 5/05/14, 4:06 am
Fca Prashant Chavan Expert Edge LLP

05.05.2014

Repeat query. Already answered. Lawguru system flaw in posting the same query again and again for Attorney's reply.

Read more
Answered on 5/05/14, 8:37 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in India