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? Is there any alternate option? like an affidavit from seller?


Asked on 7/18/13, 3:25 am

2 Answers from Attorneys
Fca Prashant Chavan Expert Edge LLP

18.07.2013

Dear Sir / Madam,

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, 4:27 am
KarVai Legal Solutions Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in

you need to be cautious before buying a property.

thanks and regards

Adv. Rajiv

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Answered on 7/18/13, 10:34 pm


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