LawRato

Purchased Land agreement made but documents are not proper


09-Mar-2023 (In Documentation Law)

I purchased a site in 2013 Jan, at rajunkunte, Bangalore from a reputed reality developer, since he was a reliable developer I made an agreement for 3.5 lakhs and while verifying the documents still BIAPPA approval is NOT obtained. Till today they claim it will get approved in another 3 months, 6 months and so on till today. Pls advice what should I do?

Answers (1)

Answer #1
763 votes
So, both of you are bound by the terms of contract. You cannot go against the contract and having paid the money, you cannot hope that the buyer will return it as the contract is in his favour. Further, the contract is signed and you have made payment in acceptance of the contract. Hence, repudiation is difficult.

However, what is stated above is a plain reading. If the entire contract is read we can find out whether there is any means for getting out and solving your problem.

Also, there is another way out. You can get a buyer and ask the property to be registered in that buyer’s name and you can get the money paid by you to the developer.

This is also a better option and you can get back your money without rubbing shoulders.

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.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."