Multiple plots in a sale deed
kevin kk 
(Querist) 27 November 2024
This query is : Resolved
Hi ,
I am trying to buy a plot in a layout, this is a resale. Where the builder bought the land owner's share, however, he clubbed 3 plots in a sale deed, EC is per plot. Due to this bank is denying loan. Is this risky to buy this ? i mean since builder cannot share the original sale deed. I also provided a certified sale deed, however, bthe ank is not considering it.
T. Kalaiselvan, Advocate
(Expert) 27 November 2024
If there is no separate sale deed for the property you purchase then how can the bank grant loan?You may ask the builder to enter into a separate sale agreement for you plot alone or get it sub divided.
