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Is it safe to buy a Landlord Share flats from a Builder


30-Oct-2023 (In Property Law)
Hi I am planning to buy a flat which is a Landlord share flat from a builder of a gated society. So is it safe to go head? Please provide me your expert advice
Answers (4)

Answer #1
653 votes
sometimes the Builder will have obtained a power of attorney from the land owner by purchasing from the land owner his a share of flats agreeing for a price and having paid consideration . You should get that authority letter / power of attorney or sale agreement ( as the case may be) verified by your advocate.
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Advocate S.K Prabhakar Shetty

Adv. S.K Prabhakar Shetty

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Answer #2
776 votes
It purely depends upon the clear marketable title of the property which you were planning to buy and doing the title scrutiny by a legal professional is advisable before proceeding further. Review relevant documents will be required to confirm on this
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Advocate Kanchana Patil

Adv. Kanchana Patil

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Answer #3
596 votes
hi sir/madam, I suggest you to take legal opinion I.e., verification of legal documents to check whether title is clear or not, based on the legal opinion you can but flat without any doubt. for legal verification of documents and for any legal assistance kindly contact me, thanks
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Advocate Suma BK

Adv. Suma BK

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Answer #4
929 votes
Respected You can go by land lord share. But before that, please look into the JDR or JV agreement and confirm how the landlord acquired the titile and is any ancestral right on the property. LAnd lord having abuslute right and you can proceed with sale.
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Advocate M Lakshmikanth Arya

Adv. M Lakshmikanth Arya

LawRatoBangalore / Bengaluru | 700+ Answers
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