Hello

Be informed that if the seller is selling the flat or whatever property to you within 10 years from the date of allotment to the seller, then that is not permissible. If its after 10 years then its a simple procedure. You just have to apply to lender bank and offer the flat you intend to buy as a collateral security for availing the bank loan facility. Usually the bank only does all the due diligence. 

Also if the flat is being sold to you before expiry of the period during which the flat is not allowed to be sold as per SRA rules, then no bank will provide you a loan. So if the seller is selling the flat before expiry of stipulated period then its best to avoid this deal and ask refund of your money from the seller. 

Thank you for reply.

I heard in mumbai property is sold before 10 years too.

but if i buy this & after 10 years it will get transferred on my name.

is there any legal procedure if m a 2nd owner.

Even if its happening in Mumbai, its illegal. So better stay away from such deals unless you know someone in SRA who can create records in your favour showing you as original allottee.