I just registered an agreement for sale for a flat in Mumbai, wherein I have already paid around 40% of the contracted money and have to pay the balance 60% within 45 days through bank loans. I just wanted to know if it is mandatory to sign a sales deed on the completion of the terms and conditions of this agreement for sale. I got to know from my broker that signin a sales deed is not mandatory in Mumbai and a registered agreement for sale is sufficient.
Also, while making photocopies of the registered agreement for sale, the 1st page of the agreement got struck in the photocopier and was torn into 3 pieces while taking out. Although, I have joined the torn pieces of the 1st page with a cello tape, I am worried that the Bank may object to accept this torn and taped 1st page while creating mortgage at the time of disbursement. The owner is an NRI and has gone back to the US.
Please advice on the right and legal way to sort this out.
Thanks,
Gaurav
