Buying 2bhk flat under construction through assignment
31-Mar-2023 (In Property Law)
Party S who resides in China had executed Construction and Build agreement with Builder B in Apr, 2013 and paid 0.1% stamp duty. So far till date, he has paid 90% of the sale value and had not taken any loan for the same. Property is not yet registered and it recently got OC and CC. This is how we planned to proceed to transact. Me and Party S will sign the MOU first. I will pay the impending amount to builder on behalf of Party S. Party S gets the NOC from builder to transfer the property on my name. Builder will execute the assignment deed in which Party S will be assigning all his rights to me. Builder will be signing the same as Confirming/Consenting witness. Since the owner is not available in India, he wont be signing as confirming party or consenting witness during sale deed registration. He doesn't even have a registered GPA who can sign on n his behalf.Is it recommended to register the property on my name from builder directly without referring to Party S in sale deed,
Dear Sir,
It will be better if you give the document related to the property mentioned in your query for proper legal scrutiny, after thoroughly examining the documents I will be in a position to advise you correctly. Please feel free to contact me. Thanks.
It will be better if you give the document related to the property mentioned in your query for proper legal scrutiny, after thoroughly examining the documents I will be in a position to advise you correctly. Please feel free to contact me. Thanks.
What is stated in MOU is crucial here. You can as well insist on NOC from S to proceed with registration of the property.S can give you a power of attorney to register in your name . Feel comfortable to contact me with all the documents available for better opinion
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Property lawyers for your specific legal issue
No Comments! Be the first one to comment.
- Legal Documentation for Claiming Ancestral Property Share Without Disp
- Agriculture land and house property are two separate entities or singl
- Grandfathers property sold out by the grand daughters.
- Gift deed from mother to son but paid in cash the property value
- Cancellation of registered agreement to sell
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."