Where to seek information about the builder
16-Jun-2023 (In Property Law)
I want to buy a leasehold flat in noida. It's in resale. Owner has only agreement to sell from builder. He didn't have transfer of memorandum neither have sub lease deed. Can he sell that flat as he's saying that he'll surrender the flat to builder and then builder will make me direct alottee? I want bank loan also
If you want bank loan then I will suggest you strongly you should go to nationalised banks for loan that property and give the all related document of this flat. Then bank lawyer submit his report with your all quarry
This transaction requires involvement of builder also because sale deed will be executed by builder only. Best way is to have a tripartite agreement then proceed further. Ask whether seller has bank loan or not. Agreement to sale is transferable subject to approval from builder.
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