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property

(Querist) 25 February 2011 This query is : Open 
Dear Sir,
Please advise me that a property at shahpur dist thane Maharashtra selling by a developer.
That developer scheme is :
Plot area 807 sq ft
Total amount Rs.80000/- in instalment and if pay cash amt is Rss. 55000/- only
Total Property divided in 3 parts and on property card (7/12) xerox papers i saw name of the 3 developer individually
Payment terms Rs 5000/- cash on registration then Rs 1000/- per month by cash or cheque. After paying first chq they will us MOU franking by Bank. And after five years they will give registration, or if we pay full amt now they will transfer immed.
This is agricultural property and they promised after 2 years they will give us NA.
Its a pvt ltd co. They all 3 are director of that co.
Pl suggest me is this ok? Awaiting ur reply soon
Thank you
Raj



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