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Author Topic: Help regardin purchase of a plot of land  (Read 636 times)

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Offline manishagarwal1603

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Help regardin purchase of a plot of land
« on: September 30, 2014, 10:26:08 AM »
hello all,

I am about to purchase a land plot in a project being undertaken by a company in kolkata. they have set the condition of 40% of sale proceeds to be paid for issue of agreement of sale and balance can be paid one time or in installment. after complete payment, registeration will be done. Before purchasing the property, I will get it search report done through lawyer. the company has purchased the land through farmers.

1. is there any other thaing that should be evaluated by me before purchasing the property
2. will I have any legal right on the property in case the company runs away with my money without getting it regiatered in my name.

kindly help

Offline advpriyaanand

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Re: Help regardin purchase of a plot of land
« Reply #1 on: September 30, 2014, 09:08:11 PM »
Do complete verification of the property by a competent lawyer.
ask the lawyer to check the agreement details etc.

if he says it fine only than proceed.

keep in mind the agreement should be such that it protects your legal rights and interests in case of untowards incident
Advocate Priya Anand,
Learned Counsel
Madras High Court

 

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