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Author Topic: Buying property in unauthorised colony  (Read 615 times)

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Offline tameem

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Buying property in unauthorised colony
« on: April 24, 2015, 08:40:56 AM »
 planning to buy an apartment for 22 lakhs in Jamia Nagar Delhi. Currently we are able to pay only 15 lakhs and have conveyed the same to the owner of the flat. He has agreed to hand over the possession of the flat on initial payment of 15 lakhs, but will hand over the power of agreement papers ( Power of attorney works in Jamia Nagar, New Delhi since it is not a registered colony) only after the payment of the remaining 7 lakhs. What should I do to safeguard my payment of 15 lakhs so that the owner does not sell it to somebody else also.  Also Please suggest if I should go ahead with the deal or not?

 

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