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Author Topic: Buying Cidoc approved property/ Power of Attorney  (Read 657 times)

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Offline sharadlegaladviceseeker

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Buying Cidoc approved property/ Power of Attorney
« on: December 02, 2014, 09:45:26 AM »
Hello
I am buying a raw house in Aurangabad, MH. The property has been built up a builder and he got approval from Cidco for development. This is a resale property and the owner claims  that he has not got any bills from Cidco or any authority for property. I have already given a token of amount to him and the bank is also ready to give me loan. I am getting the laon from the same bank which has already given loan to the owner. So there is no question about the legality. I am concerned about how would I process further before making registry. Should I hold some money until I get clearance from Cidco. Or I should I ask the owner to get the NOC and property transfer papers from Cidco? Pls guide
Another thing is since my wife delivered a baby two weeks back in Mumbai, she cant come for registration to Aurangabad. would notarised  power of attorney work or I have to make registered power of attorney? what would be the convenient way in this situation? Pls guide

Thanks

Offline advbanani

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Re: Buying Cidoc approved property/ Power of Attorney
« Reply #1 on: December 10, 2014, 10:04:34 PM »
You engage a good property lawyer to check on all aspects of the property than go ahead on its purchase.

secondly are u going to purchase the property in your wife's name? If not her presence is not required
Adv.Banani Mukherjee"
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