Purchase of resale flat

Querist : Anonymous (Querist) 06 December 2010 This query is : Resolved
I am from Pune. The flat which i would like to purchase had with Corporation bank which is auctioned recently and taken by investor. i will take the flat from investor. what documents i would check and confirm from bank as well as investor. what procedure i should follow to get the flat with all completed formalities. pls. advice. Geeta 9767366680

I would like to ask you all expert that the flat is of almost 8 years old ( Pune - Hadapsar). ( 1377 sq.ft.) the current auction purchaser costing me to Rs. 20 lakhs as he has purchased it for Rs. 18 lakhs before 3-4 months back. then What documentation is needed in this case and whether the cost is oK.

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Arun Kumar Bhagat (Expert) 06 December 2010
Sale deed, Municipal Tax clearance certificate.

s.subramanian (Expert) 06 December 2010
You have to get the copies of all the orders passed in the matter under the Sarfaesi Act. The sale certificate issued by the bank has to be obtained. Then certificate of possession issued to the investor has to be taken.

Khaleel Ahmed (Expert) 06 December 2010
You are advised hereby to get encumbrance certificate and check all the title deeds.You are further advised hereby to consult your local lawyer in this regards.

Advocate. Arunagiri (Expert) 06 December 2010
Well advised by experts. Get a legal opinion from an Advocate with the physical set of documents.

Kirti Kar Tripathi (Expert) 06 December 2010
agree with experts,

Querist : Anonymous (Querist) 07 December 2010
Thanks but i have some other query also

I would like to ask you all expert that the flat is of almost 8 years old ( Pune - Hadapsar). ( 1377 sq.ft.) the current auction purchaser costing me to Rs. 20 lakhs as he has purchased it for Rs. 18 lakhs before 3-4 months back. then What documentation is needed in this case and whether the cost is oK.

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