Latest Answer: Here are a couple of reasons for such a shift. Firstly, the under-construction properties are prone to delays. The builder might not hand over the property for one or other reason. Secondly, the ready to move in properties are cost-effective & the inventory of such a property is high giving ample options for the buyers to choose rather than having to wait.
Q:http://www.rediff.com/money/report/perfin-what-you-should-know-about-a-sale-deed/20100119.htmhttp://articles.economictimes.indiatimes.com/2009-12-20/news/27664615_1_sale-deed-main-document-sellerWithin 4 months of the sale deed one needs to pay stamp duty and registration charges else we will have to pay penalty.Sale deed is made after agreement of sale.But I am unable to verify as to when is the sale deed made? Can the sale deed be made just after booking the flat and signing the sale and the construction agreement or is it made only when the builder hands over the flat?
Latest Answer: Hi Praveen,
"Sale Deed" is the instrument/agreement by which the property is actually transferred by vendor to the purchaser after the receipt of the full consideration amount. (Actually sold and purchased). If you builder hand over the flats then go for the sale deed otherwise you have to face a lot of difficulties once the project get delay. So, be careful.
