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Pradyot Ranjan   19 July 2018

Subject- Purchase a residential apartment.

Sir,

I wish to purchase an apartment in an interstate. I have contacted with the customer relationship managers and they have requested me for a site visit. Please advice me of the steps i have to take care of while negotiating.Shall i ask for any documents from them. Explain briefly.


 2 Replies

Kumar Doab (FIN)     20 July 2018

'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 matters and well versed with LOCAL applicable rules/laws and 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

Kumar Doab (FIN)     20 July 2018

 

To start with brae minimum; Ask for the brochure describing the property and having obtained necessary approvals and if the project is under RERA.

Let the LOCAL counsel provide you with written legal opinion.


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