Legal Question in Real Estate Law in India

Hi,
I am buying resale property (an independent floor) in Faridabad. property is yet to be constructed and delivered (2010 probably). The person who is reselling to me has just paid booking amount and 1st installment - perhaps he is broker/dealer.
Seller is suggesting that he will take check (booking amount + 1st installment) from me, sign one transfer document/application to builder that will ask builder to transfer booking in my name. This application/transfer document will also mention that he has received money from me.
Do I need any other document(s) to make this transaction legally correct?
What are things I should check to make sure that I dont get into problems in future? Few I can think of is - 1) identity of seller (passport, pan card copy), 2) confirmation from developer/builder that apartment is booked in that person's name, and 3) a statement from seller that he has not taken any loan or sold this property to anyone (can I check this somehow?)

Asked on 10/03/09, 3:17 pm

Seshadri Srinivasan www.lawconcern.com

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The Builder's agreement to sell / construct with the broker/ dealer must be carefully studied and only then safe guards can be suggested.

Answered on 10/03/09, 9:17 pm

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