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Need help related to a particular situation related to Deed of Apartment

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Need help related to a particular situation related to Deed of Apartment

Last updated: February 4 2019
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  • Need help related to a particular situation related to Deed of Apartment

    hi,

    I'm posting this on behalf of a friend who has landed himself in a tricky situation. He bought house recently as a second owner from a seller who told him it was a Apartment and society is yet not formed. Builder has done deed of apartment with first owner. Deal was done through a broker who also conveyed him the same thing. He didn't inquire on this aspect further as some checks were also requested on the Apartment name (same as original agreement with builder) and not any society. However after purchasing the property he came to know that society is formed in place of apartment and should have done sale deed instead of apartment deed. How can he make this right now? Can this be done using correction deed? What will be the impact of this if he wants to sell his property in future?
  • #2

    #2

    Re : Need help related to a particular situation related to Deed of Apartment

    Originally posted by Vmwani View Post
    hi,

    I'm posting this on behalf of a friend who has landed himself in a tricky situation. He bought house recently as a second owner from a seller who told him it was a Apartment and society is yet not formed. Builder has done deed of apartment with first owner. Deal was done through a broker who also conveyed him the same thing. He didn't inquire on this aspect further as some checks were also requested on the Apartment name (same as original agreement with builder) and not any society. However after purchasing the property he came to know that society is formed in place of apartment and should have done sale deed instead of apartment deed. How can he make this right now? Can this be done using correction deed? What will be the impact of this if he wants to sell his property in future?
    based on the apartment deed, he can request for society share certificate from the society, society might charge him minor transfer charges, rest should be ok...

    Also consult legal person fro details.

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