Q:
I am planning to purchase a plot in Bangalore.
The sellers asked me to bring sale agreement.
Should I consult a lawyer to get this drafted or is it done by others in places like Koramangala BDA?
If you have any recommendations, please let me know.
Thank you,
Krishna
Q:
I am considering a site for purchase. It's facing a Naala. The slab covering the naala is the road to the site. What are the factors one needs to keep in mind when purchasing such sites?
Some said, usually developers use construct Naala's with lower width than they are supposed to. For example, if the Naala is supposed to be 15ft, they construct a 5ft naala and use the remaining 10ft into the sites.
How to verify if such issues are there with this site?
Latest Answer: Key factors you must check before buying a plot: a) Check the real value of land, b) Verify the builder, c) Verify Title Deed, d) Check Encumbrance Certificate, e) Necessary Approvals by Local Body, f) Release Certificate, g) Property Tax Receipts & Bills and h) Verify the land-use.
Q:
Hi,
How are the terms on Occupancy certificate mentioned in the Sale agreement or Construction agreement?
I am looking at purchasing an apartment from a fairly new builder (has done 2 small projects so far).
I asked for a term to be mentioned in the Sale agreement. I asked for the below two
1. That builder commits to providing Occupancy certificate within 6 months of possession of the flat by the purchaser.
2. That the last payment 5% (or could be 2.5%) would be made only after Occupancy certificate is provided by the builder to the purchaser
The builder is willing to provide '1' but not willing to add any clause that says what if the occupancy certificate is not provided within 6 months per the term '1'.
Is this good enough?
The project is on Sarjapur road in a area of over 1 acres.
The builder is confident of providing Occupancy certificate.
From where the construction is today (it's a G+4 with 2 Basement parkings), there seems to be no significant deviations.
Thank you.
Latest Answer: When I was buying the house, I realized the importance of getting the sale agreement reviewed by the lawyer. It is as important as property document verification. I availed the service from Zippserv. The lawyers were exceptional and they inserted many clauses. I really felt so safe that my interests were being protected. Please look at this link - https://www.zippserv.com/property-lawyer/sale-document-review-bangalore.html.
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