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VENKAT SUBRAMANIAN   06 December 2017

reg. need help for buying a flat

we have seen a flat in hyderabad, have requested the builder for the bank approval and affidavit for mortgage, builder is saying flat planning to buy is not a mortgage flat with the copy of affidavit , however when we searched in the GHMC website with the permit number, flat is showing as mortgage, can you please provide advice in this case - whether to proceed or taking any precautionary measure to purchase this flat?

thank you


Learning

 2 Replies

Kumar Doab (FIN)     06 December 2017

The very 1st statement of seller is found wrong by you.

Stay away from buying it and from such sellers.

Kumar Doab (FIN)     06 December 2017

1st thing 1st; 'Buyer Beware' applies to property deals.

It shall be appropriate to get proper legal opinion from a very able local senior counsel of unshakable repute and integrity specializing in revenue/property/civil/DRT/ SARFAESI matters before signing or making payment.

This may cost some FEE but can defend long term interest and hard earned monies. 

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