LawRato

Wants to take suggestion regarding a purchase of a builder property


20-Aug-2023 (In Property Law)
I want to book a 3 BHK Flats near Saguna more, Patna which is being constructed by  a real estate company of Patna. Presently the construction work has started and assured that the project will be completed in Oct 2020. On inquiring from agent  that cost is @ 2800/- sqft, if you pay lump sum amount in advance the cost will be reduced @ 2000/-sqft and the agent is continuously pressing me to book flat but I want to take legal advice whether the project is bogus to ascertain its genuineness.?
Answers (2)

Answer #1
623 votes
Prima facie it appears that the offer made by the agent is not correct. But for verifying the genuineness of the offer you may ask for offer document made by the builder. From perusal of offer document it will be clear that whether the offer is genuine or not.
Helpful? LawRato LawRato

Answer #2
743 votes
First and foremost thing required is to find out whether the proposed construction is registered under RERA or not . Because, as per RERA no builder is permitted to construct or sell apartment or flat without getting it registered with RERA.
Helpful? LawRato LawRato

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."