Umesh (Design engineer) 04 January 2011

Plz Help

Dear Sir,

I am planning to buy the constructed house near Bagaegouda layout, Kanakapura road Raghuvanahalli in survey no 5 (3Acre 26Gunte) DC converted in 1997 – 98 with B-Katha from BBMP. I have given 2 lacks as advance with sale agreement. I have submitted all documents to IDBI bank and they told papers are legally ok and sectioned loan. Later I came to know that this survey number is acquired by BDA in 1991 with final notification and in RTC showing BDA as taken the position in 1999 - 2000. This layout is almost developed and they are paying the BBMP tax from past two years. Please suggest me whether I should go head and buy this house?

Thanks,

Umesh

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Adv. K.S.A.Narasimha Rao (legalquestadvisor@gmail.com ) 07 January 2011

Dear Umesh

Dont purchase such properties which are already allotted to Public Sectors of the Government. Immediately take steps to issue a notice for refund of ur advance amount together with interest as the vendor of property omitted to reveal the fact of final notification of acquiring the subject plots and get cancellatiion of the said Agreement of Sale.