Investment advice

Q: I am planning to buy a flat in Pune. The property is under construction. I understand there is a pending litigation on the land that is being developed. The litigation is among the original landowners. In case I decide to buy the flat and get it registered in my name, what is the risk?

Sanjay, Pune

27th October 2012

Legal in Pune

no clear title to land

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Replies (4)

thanks guys for your reply. i have chosen to walk away from this deal. didnt want to be stuck with a disputed property

Sanjay, Pune

19th December 2012

Comment

In case of a housing loan, if the construction is delayed, the final disbursement might be delayed too. You might lose by paying more pre-EMI rate of interest.

Suraj Kalled, Pune

6th November 2012

Comment

Advantage of buying an under- construction project is that the property will invariably come cheaper than a ready-for-possession property.

Krishnendu, Pune

6th November 2012

Comment

Sanjay, as per my experience it is better to stay away from such properties whose issues are lying unsolved.. it may take years to clear such issues..

Vatsa Suman, Pune

29th October 2012

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