I am purchasing a builder flat (1 BHK) in Palam Colony, ND-110045. The flat is on top floor 4th (builder call it 3rd). The ground floor has parking and shops in it. Rest 1st (Upper Ground of builder) and so on has residential flats. The property is on registered Power of Attorney.
Please help on the following questions:
1. What all should be considered while registry of this property? (Please note, there are no MCD approvals on the property in Palam Colony)
2. This is a 1 BHK with roof right and terrace of 3rd floor on which builder says that I can extend my flat to 2 BHK.
3. If I extend the flat from 1 to 2 BHK will I be able to sell this out in future as 2 BHK? If there is any risk/ point to consider, please specify.
There is no clear Ownership Title of the Flat as the same has not been Registered with the Sub-Registrar's office by paying the applicable Stamp Duty. Mere Registered Power of Attorney will not guarantee the Clear Ownership Title.
Therefore, to dupe you, the seller is giving hope that you will be able to construct 2BHK. Please AVOID, AVOID, AVOID.
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 matters, having successful track record …..and worth his/her salt… before signing or making payment.
This may cost some FEE but can defend long term interest and hard earned monies.
Avoid IT’s, entities that loiter at online portals to allure unsuspecting querists…