Legal Question in Real Estate Law in India

Dear Sir,

We are buying a property whos's market price is around 40Lakhs. But the owner is expecting to do the registration for upto 18L and handover the remaining amount in black.

We are going for a loan which is actually a 75% of the amount in agreement(18L).

We need a loan upto 20L so my question is if we do the agreement upto 23L just for the purpose of getting loan and do the registration for 18L will it be a problem?


Asked on 8/22/12, 11:49 pm

3 Answers from Attorneys
anil kumar legal aid forum

if every thing go right there will not be any problem with this arrangement if something goes wrong u will endup in difficulties

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Answered on 8/23/12, 12:54 am
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

you may look for another property.

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Answered on 8/23/12, 1:30 am
Shrichand Nahar S.V.Nahar, Advocate

Avoid dealings in black money as same are illegal.

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Answered on 10/03/12, 10:57 pm


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