Investor property
Usman
(Querist) 29 September 2014
This query is : Resolved
I am buying a flat in Maharastra at vasai from a reouted Builder.Sale Deed registered in the name of investor.Builder told us that they will get it cancealled and register in my name,can it be cancelled as the sale agreeemnt between investor and builder is less than six month old. what will be the buying procedure in this case.And what are checklist we should follow for buying this type of property? thank you in advance
R.K Nanda
(Expert) 29 September 2014
consult local lawyer.
Rajendra K Goyal
(Expert) 30 September 2014
Get the documents verified by a local lawyer.
ajay sethi
(Expert) 30 September 2014
Deed of cancellation can be made between builder and investor . subsequently builder can sell the flat to you .in the alternative investor can sell flat to you subject to NOC from builder
Usman
(Querist) 04 October 2014
Dear Sethi Ji
Thank you for information, in my case flat is registred in the name of invester by paying registration fee,stamp duty etc.My question is that what is the cancellation period for a registered property and what document should i check befor proceding for registration between me and builder.Property comes under Vasai Virar Municipal Corporation of Maharastra.
T. Kalaiselvan, Advocate
(Expert) 04 October 2014
Besides the advises by the experts above, it is always better to have a opinion from a local lawyer by producing all relevant papers of the property and then proceed.
