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property sale via endorsemen


I  had bought one property In Gugraon in Resale Via the endorsement  done by Builder  in 2011. I got the loan on the property.  and finally got posession in 2016. I sold the property in Mar 2018 again via the endorsement  by Builder. The buyer payed be partly via own funds and rest via loan by a Financial institution  in all White. Is there any legal issue with this sort of builder transfer via endorsement. Any advice would be appreciated.

 
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subregistrar/supdt.(retired)

Ji, to me it is not a problem.

 
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ha21@rediffmail.com Mumbai : 9820174108

1. In Investor's property, the buyer does not actually register the property in name of investor.  Apprehensively you had purchased a investors flat and builder would have jointly signed as "consenting & confirming party", which is legal enough for all futuristic legal purposes.  Both the transaction are legal enough, though in second transaction, the builders endorsement was not actually required.

Keep Smiling .... Hemant Agarwal
VISIT: www.chshelpforum.com

 

 
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