Legal Question in Real Estate Law in India
If a customer has booked property from a developer and already registered the property including the stamp duty but is forced to cancel the deal due to loan refusal from the banks side, what happens in that case? What are the options available both to the customer and the developer
Since the property is registered in the customers case (Related to question 5), can the developer still sell the same property to another customer later?
3 Answers from Attorneys
Check terms of the agreement and act accordingly.
Property can be sold by person in whose favour said property is registered.
even if registered still u are liable to pay the amount of money
if u cant that a person as per agreement can ask the property back
so u bettr arrange the money through some other bank or return that
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