Legal Question in Real Estate Law in India

I am about to buy a home worth 2150000 INR in resale but not aware of the process. Can anyone explain me the entire process starting from Banakhat to possession? If I pay 500000 Rs as 1st payment to the owner of the flat as per Banakhat and later on if the seller does not get agree to sell his flat, what complication will come in between? Our relative is between me and the seller, should I ask him for signed receipt of the 1st payment I did?


Asked on 8/11/10, 2:53 am

1 Answer from Attorneys
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

in case after agreement to sell, the seller is not selling the house, you can file a suit for specific performance of contract. you may choose to pay cheque instead of cash. however, the title should be clear.

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Answered on 9/03/10, 2:50 am


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