Senthil Manoharan N, Apartment Resident
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Buying a property without Khata Bifurcation
Q: This is Senthil. I have seen a property near Meenakshi mall, Bannerghatta Road. It is an apartment. The apartment has 'A' Khata (BBMP Khata certificate) in builder's name which is yet to be bifurcated into individual flat owner Khatas. The selling party informed that builder will try to bifurcate the Khata after 4 months. Is it wise to buy this property? Can I register the property in my name without Khata transfer now and try to get the Khata in my name later when bifurcation is done? Please help.

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When I contacted HDFC bank for loan, they are asking the seller to get a Form B and they would sanction loan. In my knowledge, Form 'B' is nothing but 'B' Khata. So technically, if I purchase this property, the site has an 'A' khata where as the individual flat has 'B' Khata and HDFC is ready to fund the loan. Is it wise to buy the property? Will there any implications later when I try to resell the property? When I contacted HDFC bank for loan, they are asking the seller to get a Form B and they would sanction loan. In my knowledge, Form 'B' is nothing but 'B' Khata. So technically, if I purchase this property, the site has an 'A' khata where as the individual flat has 'B' Khata and HDFC is ready to fund the loan. Is it wise to buy the property? Will there any implications later when I try to resell the property?
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