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Sreeraj (marketing)     07 July 2014

Investement in flats need legal help

I have an investor who wants to invest in around 10 flats. But he has the following conditions: 1) He does not want to show his PAN Card. 2) He does not want to do the stamp duty registration. 3) He wants to re-sell it after a couple of years The builder has agreed to give the flat without any PAN Card details. He has suggested us that he will only allot us a Flat Allotment Letter in this case and this will help us in selling the flat at the time of resale to any other customer. No need for any registration. Just wanted to know if this document will suffice. Is there a chance that the builder will cheat my client.


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