Q:I am looking to buy a resale property. The property is a new project and still not registered. The builder has started giving possession and this property is ready for possession. What is the process of buying such a property in Bangalore?
Latest Answer: It is a win win situation for both the buyer and seller as the seller has not paid any stamp duty and registration charges so he can make more gain/profit form the deal. similarly the buyer can negotiate the deal better as the cost of the property is lesser for the seller and thus the buyer can save on some percentage of stamp duty and registration charges.
Q:The state government has said that there is no need for a no-objection certificate from the developer. Is this applicable for under construction buildings?
