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IREF® - Indian Real Estate Forum > Real Estate Open House > General Real Estate Discussion > Difficulty in Buying in Resale Flat
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Old August 9 2009, 11:11 AM   #1
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Default Difficulty in Buying in Resale Flat

Hi ,

I am from Ahmedabad , Mr.X have bought a Flat from bulider and the new flat possesion is in Sept , Mr.X have Made 15% payment to bulider from his pocket and Bank Have done 80% Payment from Mr.X Loan Account and 5% of payment is due at the time of Possesion and ther is a Non Registered agreement to sale ( Notaryised) and Sale Deed is not Done till now , and Mr.X want to Sale this Flat to me , How can it be done ?
 
Old October 13 2009, 11:04 AM   #2
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better u consult a lawyer
 
Old October 15 2009, 01:44 PM   #3
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You will have to go through a property lawyer to get all the documentation done. Since the property is not registered, you will have to now register it on your name through the builder. There will be a tri-party agreement between the seller, builder and buyer to carry out the transactioon. The lawyer will be able to guide you.
 
Old August 2 2010, 08:38 PM   #4
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First of all you need to get property in your possession and then only you can sale it. Its better understand the rule from property dealer as well as consult a Property spt lawyer.
 
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buying, difficulty, flat, resale