Buying society resale property on loan

Querist : Anonymous (Querist) 20 August 2010 This query is : Resolved
Hi, I have paid earnest money for CGHS society flat in Delhi . Share certificate and allotment letter are missing how do be approach the same.

Also the seller is getting the property converted to free hold and after which it would be given as a gift deed to her sister from whom it will get sold to me .This will be taken on loan.

Solution : I see-- File FIR for share certificate and get newspaper article after which apply in society for duplicate share certificate . Get property converted to freehold and as part of gift deed ensure that sister has selling rights . This gift deed needs to be registered and stamp duty needs to be paid. After which the documents will be submitted to bank for loan

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