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Is it risky to buy Non Transferrable mahada House ?

(Querist) 13 August 2009 This query is : Resolved 
Is it risky to buy mahada 7 year old residentail premises as transfer is not effected in our name ? it is done only with stamp paper agreement

But they say you can get transfer after 3 years that is total of 10 years

is this property risk free ?
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s.subramanian (Expert) 29 August 2010
No. it is absolutely risky.

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