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Who will complete under construction property?
25-Feb-2023 (In Property Law)
I am going to buy an under construction property from a developer who is 86 years old. My question is if anything happens midway of construction, say if he dies then who will complete the project? If the project goes incomplete then who will compensate for my loss. What agreement terms shall I ask the developer to incorporate in his sale deed to avoid this?
I am Hindu.
without detail discussion and document review proper consult is not possible.
without detail discussion and document review proper consult is not possible.
so legal opinion is possible only after detail discussion and document review.
without detail discussion and document review proper consult is not possible.
so legal opinion is possible only after detail discussion and document review.
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Adv. Dhrubaraj Bhowmik
Kolkata | 200+ Answers
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How is payment done for under construction property?
The loan is typically disbursed in installments. The builder will demand payment and you can avail of portions of the loan. Some lenders charge EMIs only on the amount that has been disbursed. The monthly installments are therefore much lower.
Do we need to pay GST for under construction property?
The GST rate for an apartment that is currently under construction (affordable homes) is 1%, without ITC. GST on luxury apartments (under non affordable housing) is 5%, without an ITC. If you're considering buying a new, ready-to move-in flat, GST will not apply. 29-Aug-2023
What is the stamp duty and registration charges in Karnataka 2023?
The stamp duty rates in Karnataka are determined by the property values. Stamp duty rates will be as follows in 2023: 3% for properties worth less than INR 45 lakh. 5% for properties worth more than INR 45 lakh. 05-Oct-2023
How to pay stamp duty and registration charges in tamilnadu?
In Tamil Nadu, you can pay the stamp duty by visiting the citys sub-registrar. The applicant must complete an application form, and then pay for the stamp duty certificate. Cash, demand drafts, debit cards, credit cards, NEFT or RTGS are all acceptable payment methods. 03-Nov-2023
yes anything happens to the developer then his son will bear all the expenses as he will be the legal heir of the developer as as in the deed you will mention all the points properly so that if anything happens in the midway you will not hold any loss what is your jurisdiction...
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Adv. Priyanka Singh
Kolkata | 500+ Answers
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To give opinion it is necessary to scrutinize the joint venture Agreement by virtue of which he is developing that property as well as the Power of attorney, if any, of the land owners. If you wish to take my Legal opinion professionally upon online payment, then can contact.
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Adv. Sinjari Bandyopadhyaya Banerjee
Kolkata | 400+ Answers
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Buy the flat from a company instead buying it from a proprietary firm or partnership firm… as even after the death of builder, the company is liable to finish the project, which will not be the case in other too…
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Adv. Rahul Uday Singh
Kolkata | 200+ Answers
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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.
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