Legal Question in Real Estate Law in India
I entered into an agreement with a real estate owner to purchase his land for Rs 10 lacks duly
paying Rs two lacks as advance with a condition that i would get the land registered within sixty days
paying the balance amount at the time of registration . The period of sixty days time is going to lapse within five days and i am requesting the real estate owner to give some more time to enable me to pay the amount and get the land registered . The real estate owner is refusing to give any more time beyond the sixty days.
What should i do now ?
2 Answers from Attorneys
it would depend upon the terms of the agreement.
You should arrange money and get the property registered in your name to avoid forfeiture of advance paid by you; unless there is a clause of extension in the agreement.
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