I am interested in buyng a propertyconstructed by a reputed builder in Bangalor at Kanakpura Road. The seller has paid for the property in part (90%) but neither done the registration in his name nor has taken possession of the apartment. He has confirmed that he has no bank loan outstanding. I am now interested in purchasing and approached bank for a loan who are willing to provide 80 % of the apartment price.
The owner/builder is jointly asking for 32.5 L. How should I proceed ? When and How do I pay my own money and to whom in what share ( 20% which I need to pay from my own pocket ?
1) How can I be sure that the property is genuine and is not mortgaged ?
2) Do I cask for a cost break up ( like price of Apartment, Parking, VAT, ST, Edu Cess, Kattha development fee, Corpus fund , pro-rated maintainance fees, club-house charge, Sale Deed Fees, Registration ..what else ?
3) Is it an assignment ...Sale Agreement or a Sale Deed ?
4) What agreement ( format please ) I need to do in case I pay him a token advance ( 10% of toal value or Apartment price )
5) What are the documents to check in case of Bangalore city /State of Karnataka?
6) Do I have any additional expense after sale deed / assignment
Thanks
