Hi
iam planning to get a plot of 1/2 a ground (1200 sq ft) in thiruvallur dist. thru a builder in chennai. since i dont have a ready cash wanna purchase the land thru the installment scheme they have.
they said only after the installment period is over the property will be registered in my name.
iam scared to take a risk iof paying them without registration.
they also informed that a registerd agreement would be done betweent the owner of the property and me stating that iam paying off for so and so plot and the current owner cant do any thing with the plot and incase if the builder runs away from the business then the property belongs to me.
the property is panchayat approved and nopt a dtcp / cmda.
i have no clue about the actuals and law pertaining to plot purchase.
pl tell me can i proceed further to purchase a plot or shal is drop the propposel. if i can proceed with wat the documents need to be chkd and how the agree to me written the main ponts.
pls help me..
caroline
