Ameya
Q: Is this property legally clear, Since very few banks are disbursing loans against this property ( Especially Block 4 & Block 5 )

My replies to this discussion
I asked their representative in the site office for the legal documents just to go through them over there itself (not to take away to show to a lawyer). My request was declined saying they have just 2 sets of the documents and both the sets are in circulation. I was surprised to know that for such a large project they have only 2 copies of the docs, and none of them is in office. Further asked if they have obtained all the necessary permissions (plan sanction, water supply approval, BESCOM approval etc.). I was informed that the plan has NOT BEEN sanctioned yet, and it will take another couple of months. Surprising!!!I asked their representative in the site office for the legal documents just to go through them over there itself (not to take away to show to a lawyer). My request was declined saying they have just 2 sets of the documents and both the sets are in circulation. I was surprised to know that for such a large project they have only 2 copies of the docs, and none of them is in office. Further asked if they have obtained all the necessary permissions (plan sanction, water supply approval, BESCOM approval etc.). I was informed that the plan has NOT BEEN sanctioned yet, and it will take another couple of months. Surprising!!!
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