Legal Question in Real Estate Law in India

what is perpetual lease . can i buy a new apartment or dwelling unit from a builder who is selling houses / apartments in SEZ which he claims to be on perpetual lease . will land be registered in my name? will i be able to sell the property independently in future?


Asked on 11/18/11, 6:17 am

1 Answer from Attorneys
www.lawconcern.com S.Seshadri www.lawconcern.com

The allotment order/ agreement granting perpetual lease to builder will have to be studied in detail to see whether the builder can construct and sell apartment to you. Your subsequent selling rights again will depend on said document as well as the sale/ construction agreement executed by builder in your favour. www.lawconcern.com

Read more
Answered on 11/24/11, 1:13 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in India