What are the things that one should look for from legal perspective while buying a second hand apartment?

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What are the things that one should look for from legal perspective while buying a second hand apartment?

July 25, 2008 by atoneplace

Question asked by Karthik from Bangalore, India:

I’m Karthik from Bangalore. I would like to buy a second hand 7 years old apartment. Please kindly tell me
1) What are the things I should look for from legal perspective
2) What are the other charges I will pay like, if the apartment is of 1000 Sq. ft. If he is charging 2500/per Sq. ft. it will be 25 Lakhs on top of it should I need to pay Car Parking, Electricity, water, VAT & registration. I still believe that buying a 2nd hand will be cheaper. Please advise me.
Thanks
Karthik

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Posted in Buy Real Estate, India, Indian Property, Indian Real Estate, Real Estate, atoneplace.com, banglore, legal | Tagged broker’s fees, car parking, Electricity, lawyer’s fees, negotiation, Resale, second hand apartment, Stamp Duty, VAT & registration, water | No Comments Yet

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What are the things that one should look for from legal perspective while buying a second hand apartment?

Question asked by Karthik from Bangalore, India:

Vatsala’s Answer has been moved to our new site

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