LCI Learning
Master the Art of Contract Drafting & Corporate Legal Work with Adv Navodit Mehra. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Issar chithi

(Querist) 10 July 2013 This query is : Resolved 
I purchased i bhk flat for which I made issar chithhi on 15/2/13 by paying 25% of the value. As per issar 50 % of remaining amount has to be paid on or before 15/6/2013 and remaining final amount to be paid at the the time of possession. Bldg. is still under construction. I have purchased this flat for investment purpose only . broker had promised me that before paying next installment he would sell the flat at higher price and issar chithhi will be tfd.. So i didnot pay next installment trusting the broker ,that broker is very good friend of the builder. Now builder has found a buyer for that flat. Builder has offered me that he will pay me my 25% amount which i have paid plus extra Rs. 50000/- as my profit on sale of flat ,which i have orally agreed but builder and broker they say they will return me the amount in 2-3 installments but within one month. I want to know whether can there be any problem with me ? or this is a fair deal? The original issar chithi which is on Rs. 100 stamppaper duly signed in presence of 2 witnesses will be with me till i receive my full amount. Pl. advise me if any precautions should I take ? or I should keep quite and wait for one month period ?
Raj Kumar Makkad (Expert) 10 July 2013
Oral statement has no value in the eyes of law. If the builder and broker do a written agreement with you then there is no harm to move ahead.
Rajendra K Goyal (Expert) 11 July 2013
Agree with the expert raj kumar makkad ji, nothing more to add.
prabhakar singh (Expert) 11 July 2013
i too


You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :