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V S Manian (Individual)     26 August 2010

Area usage for Flats

I am looking to buy a Flat.  On veriication of the documents given to me by the person from whom I am negotiating, I found that he has only a small portion of share (say around 400 Sq ft) in the said property.  However, he has entered into a Construction Agreement with a builder for constructing a Flat measuring 900 Sq ft.  This is the flat for which he is negotiating with me to sell.


Can I buy the Flat?  What are the consequnces I will have to face?  How can I protect myself from getting dragged into any dispute / controversy in future for buying this Flat of 900 Sq Ft.

I need an urgent reply as my negotiation is at a final stage



Learning

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