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Lakshman Sarma   04 October 2022

Buy uds from group of owners

I am planning to purchase an apartment in a project which is demolishing and re-constructing an old property. Presently there are 5 joint owners and during the reconstruction, The present owners are planning to invite a 6 owner. The present owners have a joint Patta and during reconstruction they will sell a portion of the UDS to incoming 6th owner. So UDS Will be purchased from the present five owner but the construction of the apartment will be done by a builder or contractor. Is it safe to enter as 6th owner.. 



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 2 Replies

P. Venu (Advocate)     04 October 2022

Any suggestion depends upon the terms of the agreement with the owners.

Lakshman Sarma   04 October 2022

They are going to give power to one person to sell uds to new comer. Could there be any pitfalls or legal loopholes which can land the new comer in danger in future ? 
 


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