Real estate

hetalsangoi (Querist) 30 March 2017 This query is : Resolved
when builder follow the completion method for each project on consistency basis , and project is completed only O.c. is under process to release to builder , and mostly 85% flats are sold, one of the flat is sold on the basis of the letter of allotment but agreement for sale and stamp duty is yet to paid , can receipt of advance to be considered as sale ? under which basis so ?

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Guest (Expert) 01 April 2017
Receipt of advance can not be considered as sale.

But since many builders are cheating there are various ruling /judgement which certainly help flat buyer and his interest are secured and he can complete formalities transferring blame on builder/investor of project .

Flat buyer should take professional help in this regards , don't keep matter pending

Rajendra K Goyal (Expert) 05 April 2017
Academic query.

State material facts of the problem if any.

How are you concerned / related with the query?

Looks like examination question.

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