Question asked by Alok from Santa Clara, USA:
“Hi, i am planning to buy a property in Bangalore but I am not clear about what documents I need to register a property in India? Can you help me with the registration process followed in India?”
Documents to Register a Property in India
September 12, 2007 by atoneplace
Posted in India, Indian Real Estate, NRI, Real Estate, atoneplace.com, banglore, legal | Tagged banglore, documents, India, NRI Buy, Real Estate | 5 Comments
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Dear Sir,
I have just finalised the deal of a flat and i am planning to give an advance . Please can u suggest what type of agreement to be made .
With Regards
Vatsala Answers:
The agreement is a standard one with clauses relating to time of completion of building, one year warranty against defects, payment schedules, etc. You should get a draft copy and get it scrutinized by your lawyer. If the sale is a second sale, you should approach any good lawyer who can draft it for you. Vatsala
http://www.atoneplace.com
I have bought a land in India and I would like to register the land in my name but I am in Kuwait at this moment. Therefore is their any possibility to register the land in my name and does it is possible to issue a power attorney to any one of my family members.
Hi,
I am planning to purchase a flat in Bangalore. I have received the documents for verification. In that I notice that the developer has constructed an additional floor which is not in blueprint. Also the floor plan is not matching the actual building. I have been told by Banker (private bank agent) & House brocker that usually these are not of a concern.
I have surveyed around few newly constructed flats and found most of them have constructed an extra floor than in drawing.
I require your advice on this. Will there be any issues in the future?
Vatsala Answers to Mr. Kannan:
Extra floors are definitely not O.K., unless the confusion has arisen because of basement floor parking. In that case the ground floor is elevated. This is acceptable. You should also be wary of set back deviations whereby although no extra floors are built, total deviations from sanctioned plan are more than the statutorily allowed 5%. Many buildings fall in this category. In this case you can take an indemnity from the builder against any future loss you may suffer on account of deviations or alternatively back out of the deal.
Vatsala