I got a call from the land owner of the Project DS-Max Sherwood.

Q: Hi all,

I got a call from the landowners. they are qoting prices for a 2 BHK around 34 Lacs + reg, which is lesser than the builders price. Is there any risk on buying a property from Landowners share?

Lovanshu,

1st August 2016

Buying property in DSMAX SHERWOOD, Gunjur, Bangalore

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There is no risk in buying property from landowner's share but few things you should keep in mind these are: 1) sign only tri-party agreement, 2) payments terms & cost heads should be clearly mentioned, as a buyer, you should take over balance payment from landowner to builder, never pay upfront money to landowner e.g. 80% paid at the time of signing agreement and 20% will be paid at the time of registration.