Ittina Mahveer documentation and legal status

Q: Till date Ittina Mahavir property has not been handed over to the association by the builder. The association is just handling day-to-day needs on a temporary basis

Conveyance of the property cannot be done from builder as the builder is no more and the family members (Minu Ittina) also committing suicide in 2014.

Legal status in now very doubtful as bank loans are not paid by builder and nothing handed over to Ittina Property staff. Nobody knows what is going on !!!

Anytime banks can come and take over the whole apartments as it was said to be mortgaged to 2 housing finance banks.

What documents are required to be submitted along with application to get the deemed conveyance?

Reference: http://sites.ndtv.com/property/conveyance-vs-deemed-conveyance/

Ans: Following documents may be attached with the application for deemed conveyance.

WHERE ARE THE ORIGINALS .. ALL ARE SHOWING ZEROX ...

Please read the link.. too long to type.

Raj, Apartment Resident

4th May 2014

Residential Project Review in Ittina Mahavir, Electronic City Phase I, Bangalore

project status

illegal documents

legal documents

conveyance deed

property handover

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Replies (4)

I am planning to buy a resale flat in Ittina Mahavir. What is the status on Litigation?

Pooja Gupta, Apartment Resident

21st February 2017

Comment

Hello Raj, Is this problem resolved now ? are banks financing Ittina projects ?

Pradeep S,

4th January 2017

Comment

Dear Raj,

We saw a house in ittina neela 2bhk with in our budget, but no banks funding loans on ittina projects. Please guide is it worst idea to buy ittina flat now. ???
Divya

divya,

29th January 2015

Comment

Hi Divya, Did you check with the banks??? Because I heard that Axis bank is giving loan for this project

Girish Gupta, Bangalore

3rd February 2015

Hello Raj,
I need to ask if we have resale the flat is it possible ?
What additional documents are required to the existing ones.
Your inputs will help.
Prem

prem, Bangalore

16th October 2014

Comment

Resale is definately possible. It depends upon th buyer if he is willing to buy, however banks have stopped financing Ittina projects, that is where the problem lies. Also, there is some litigation still going on due to which it is not clear about the legal status till those problems are cleared out. It might take 6 - 12 months to know the outcome of the legal proceedings.

Raj, Apartment Resident

6th November 2014