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Author Topic: need advice on property agreement  (Read 844 times)

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Offline madhulatha

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need advice on property agreement
« on: May 28, 2014, 12:57:58 AM »

 I am going to purchase a plot worth 17 lacs. As a booking amount I have paid 1 lakh and received a receipt for the same . They are asking me to pay one fourth of amount now and take an agreement on 50 rs stamp paper. The problem is the land is not laid into plots yet which they will be doing after getting lp number from government . As the demand for the plot is increasing , can I proceed with the agreement mentioning the agreed cost and plot number? .Will i be able to claim the money back if the government has not given lp  number and permission to lay the plots.

thanks in advance

Offline advlaxmanadvani

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Re: need advice on property agreement
« Reply #1 on: May 28, 2014, 02:07:14 AM »
We are not in a position to give advice on this matter at all.

first of all the land is not yet passed by government and you are lured into paying the land, assuming that the price offered to you is very attractive.

In such a situation you should first of all engage a lawyer to verify the authenticity of the deal, which you did not do say yet.

Now that you have paid one lakh rupees already, you should first of all verify whether your one lakh is gone or safe.
Advocate laxman Advani
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Offline advdesai

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Re: need advice on property agreement
« Reply #2 on: May 28, 2014, 02:11:56 AM »
My experience say you have been cheated of Rs one lakh.

thank your luck that you have come to this forum else you would have lost a lot more.

Never purchase a property or do land dealings without engaging a good property  lawyer.
Advocate Desai Knows the Law


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