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abk · 31-03-09

[quote=chataara;17212]Dear ABK

chattara there are many other factors which would deter a buyer

an auction means all white

it means immidiate payment and many times it is as is where is basis and
no guarantee of possesion most of the DRT auctions are so.

generally a person who buys such big props will
finalize the price pay a token- get legal clearance-give a newspaper ad-
and then pay an advance sign a MOU or agreement and then settle the money within reasonable time as agreed(3 to 9 months).
here he has to pay within 15 days.

58 people for a property is rarest of rare case. most RE expierienced buyers would not even look at properties with so many owners.who knows who has encumbered his share and then face litigation which would drag the entire property.

the biggest concern is possesion it is not vacant .
courts when the matter goes into court it by itself kills many would be buyers.there are hundreds of litigated properties.one big example is hotel dasaprakash.
what do you expect just bcoz it is in a prime location it will sell just like that.
you know raptakos property in velachery,prime location it is in dispute for past 8 yrs and is still unable to sell.

and i am not trying to keep prices ,nobody can. i am only debating and if you want all to say yes then there is no need for this forum.

31-03-09	#10
abk Senior Member Join Date: Dec 2008 Posts: 615 Thanks: 0 Thanked 0 Times in 0 Posts	[quote=chataara;17212]Dear ABK chattara there are many other factors which would deter a buyer an auction means all white it means immidiate payment and many times it is as is where is basis and no guarantee of possesion most of the DRT auctions are so. generally a person who buys such big props will finalize the price pay a token- get legal clearance-give a newspaper ad- and then pay an advance sign a MOU or agreement and then settle the money within reasonable time as agreed(3 to 9 months). here he has to pay within 15 days. 58 people for a property is rarest of rare case. most RE expierienced buyers would not even look at properties with so many owners.who knows who has encumbered his share and then face litigation which would drag the entire property. the biggest concern is possesion it is not vacant . courts when the matter goes into court it by itself kills many would be buyers.there are hundreds of litigated properties.one big example is hotel dasaprakash. what do you expect just bcoz it is in a prime location it will sell just like that. you know raptakos property in velachery,prime location it is in dispute for past 8 yrs and is still unable to sell. and i am not trying to keep prices ,nobody can. i am only debating and if you want all to say yes then there is no need for this forum. Last edited by abk; 20-04-09 at 12:14 PM.