Legal Question in Real Estate Law in India

planning to buy a flat which is under development agreement (old flat 2003. Agreement says 40% of the super built up area. But the flat which I am buying has no evidence that is allocated under development agreement. Only proof is Property tax. Will this deal be legal if I proceed further? Please mail [email protected]


Asked on 7/18/13, 3:10 am

2 Answers from Attorneys
Fca Prashant Chavan Expert Edge LLP

18.07.2013

Dear Giridhar,

The area of the flat (be it carpet or built-up only) is required to be mentioned in the Sale Agreement between the Builder / Present Owner and the purchaser. You will have to rely on the Property Tax receipt to arrive at your decision. Sale Agreement, Share Certificate (if flat is in a registered Society) and Property Tax receipt in the name of the seller is sufficient to complete the deal.

Regards,

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Answered on 7/18/13, 4:29 am
uttam Tibrewal

Dear giridhar,

You agreement does not seem to be well drafted ......... ur sale agreement must contain the area of the flat being allotted to you ............ which shall be further mention in the sale deed at the time of registration....... for any query mail me at [email protected]

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Answered on 7/20/13, 5:08 am


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