Query regarding buying under construction resale property
1 year ago
We are planning to buy under construction resale unit but the seller is telling that now we can do the MOU and 10%payment and triparty agreement between seller , builder and me he will be creating after January as he need to save taxes in capital gain because in January 2023 the property will be more than 3 years old
Please suggest whether it is advisable to do this , as there can be possibility that seller might back off , is there a way to avoid this scenario and proceed legally?
Subhashis Paul
Responded 1 year ago
A.First of all you need to do a proper searching of the said property regarding its title of ownership from various offices of property registering authorities ... Then if all the documents relating to the property are legally valid and free from all encumbrances then you can proceed for the same... Whatever money you will pay should have a proper money receipt....
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A.Dear sir/ma'am
Builder-buyer agreements, which are drafted and executed at the time of sale of an under-construction property, act as a sale agreement between the buyer and the builder. The buyer and the builder have to conclude the property transaction, based on the terms and conditions mentioned in the builder-buyer agreement, which clearly states the nitty-gritties involved in the property sale.
Builder-buyer agreements, which are drafted and executed at the time of sale of an under-construction property, act as a sale agreement between the buyer and the builder. The buyer and the builder have to conclude the property transaction, based on the terms and conditions mentioned in the builder-buyer agreement, which clearly states the nitty-gritties involved in the property sale.
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A.Dear sir/ma'am
Builder-buyer agreements, which are drafted and executed at the time of sale of an under-construction property, act as a sale agreement between the buyer and the builder. The buyer and the builder have to conclude the property transaction, based on the terms and conditions mentioned in the builder-buyer agreement, which clearly states the nitty-gritties involved in the property sale.
Builder-buyer agreements, which are drafted and executed at the time of sale of an under-construction property, act as a sale agreement between the buyer and the builder. The buyer and the builder have to conclude the property transaction, based on the terms and conditions mentioned in the builder-buyer agreement, which clearly states the nitty-gritties involved in the property sale.
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