anupammi

Hi All,

I am trying to buy a apartment in bangalore in the ready to move in apartment complex. I am in private service and wanted to to buy the apartment in all cheque deal. Meaning i do not want to pay anything in cash. But after trying hard i could not get any seller who is ready to sell his without the cash component.

Now i have couple of questions

1) What is usual percentage of cash being asked by the seller?

2) If giving cash is mandatory then how we can make sure that everything goes smoothly. What i am trying to ask where i can be cheated if i give cash.

3) what would be the tax implication when i will sell the same property after couple of years due to the cash component i paid while acquiring it.

4) How safe it is to withdraw big amount like 10 lacs and above and give away to the seller

Thanks in advance to all learned members.

AM