Hi,
I have booked a flat near moshi alandi road with a project, the land has passed NA. the property is originally belonging to Consenting Party ( 9 members) owners of the land has entered into Registered Development Agreement and Registered Power of Attorney with the builder.
My question is : Is it safe to purchase flat where the land does not belong to builder and a mere power of atorney is given to him to construct the building. The Developers has submitted their building plan in the Office of the Pimpri Chinchwad Municipal Corporation and accordingly PCMC has sanctioned and allotted Commencement Certificate .
The builder has shared the soft copy of agreement which does not mention the amenities he would be giving which is mentioned in brochure.
The terrace or terraces, if any, of the building or buildings constructed on the said land hereditaments and premises including the parapet walls, open spaces and side margins shall always be the exclusive property of the Developer . IS THIS OK?
PLEASE ADVICE...LET ME KNOW IF ANY ADDITIONAL INFORMATION IS REQUIRED.
