Dear Sir,
I am buying a flat and need advice if it can get into any issues. below are the details.
An apartment complex has been constructed by a builder by combining land from more than 20 owners. Since Mrs. X owned a piece of land, she was allocated a flat in the complex. Mrs. X has executed the gift deed of this flat to her husband Mr. Y, through her brother in law as POA (Mr. Y's brother). both POA and gift deeds are registered. Looks like X and Y have split now and this was part of settlement.
Since this is a newly constructed apartment, the flat has not been registered yet. The builder now recognizes Mr. Y as the owner of the apartment and will execute a tri-party ( Builder, Mr. Y, and me) agreement for sale. and subsequently sale deed/register the property in my name as first owner of the flat.
Please advice if there could be any hassle buying such property.
Many thanks.
