Public notice ad before purchase

kumar (Querist) 23 January 2014 This query is : Resolved
Is it good idea to give a public notice advertisement even if it is a self acquired.

How will this procedure safe guard the interest of purchaser.

If the purchaser is buying the property through a natiionalised bank loan, is the advertisement essential?

Please do advice me. Appriciate your great help.

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ajay sethi (Expert) 23 January 2014
if you are purchasing property through bank loan bank will do due diligence . however no harm in giving public notice . in case any person has any claim on property he will inform you of his objections to sale of property . better engage a local lawyer before buying any property

Devajyoti Barman (Expert) 23 January 2014
You can make such publication but it is not binding upon the party who may have any interest/share in it.

R.K Nanda (Expert) 23 January 2014
u can give said public notice in leading newspaper.

Rajendra K Goyal (Expert) 23 January 2014
Before purchasing the property get non encumbrance certificate from your lawyer.

Guest (Expert) 23 January 2014
Well advised Mr.Barman.The public notice doesn't make any binding on who genuinely have rights.It is just to satisfy the buyer by himself and would be an additional document filed during litigation as and when arises.

V R SHROFF (Expert) 23 January 2014
If seller produce all ORIGINAL relevant Documents, [AND IF IN CO -OP SOC, NO OBJ OF SOCIETY] you need not go for Public Notice.
Most imp is possession.
Otherwise no harm in Publishing (Except cost)

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