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Sold land but buyer insisting to register land on different names
01-Nov-2023 (In Property Law)
Hi - I sold a land and the buyer is insisting that I should do the registry to 9 buyers. Basically, he is telling me that he has to take a loan for construction and he will get some benefits if he has multiple buyers. I am an individual and my question is that will it create any problem if I do 9 registries for a single property? I dont have a builder licence. Also, what are the alternatives for this ?
Dear Sir/Madam,
You can do the registry to 9 buyers & there is no necesssary that you shold have a licence of builder but if buyer is builder then you should mention the clause of commercial tranction because that will not creat legal complication future for you.
Thank you,
You can do the registry to 9 buyers & there is no necesssary that you shold have a licence of builder but if buyer is builder then you should mention the clause of commercial tranction because that will not creat legal complication future for you.
Thank you,
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Adv. Mayur Sarode
Nashik | 100+ Answers
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To whom you sold the land? Why he is asking to register it to 9 different buyer? selling sadifferent part of panded property to 9 different peoples not amount to any offence. YOu can develop it by u. Thanks
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Adv. Bharat Pandirao Pawar
Pune | 500+ Answers
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Dear don't do d same registry in d name of different. Buyers.....this only can happen if u hd sold d land to 9 person by dividing d land into 9 pieces as plot so can b done....bt d same cannot b made in d name of different people until n unless it has different interest n subject...
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12+
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Adv. Sourabh A Saxena
Mumbai | 25+ Answers
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