Dear Sir
We are recently under a process of buying a 2 year old property (Flat) from seller(1'th Buyer )in one of the prime condominium society. Buyer had lost the original deed but had all the legal formality done to get the certified Sale deed (FIR, Paper publish Notice, affedavit and ready for the indemnity Bond).
However seller has not received the possession certificate from the builder so far, Seller and their fellow condominium members who also not received the possession certificate however sale deed been executed between them and builders.
Based upon above situation after collecting below documents from seller have approached to one of the leading Bank (SBI) for the title search and loan processing
1. Registered Agreement to sale between Seller(1Buyer) and Builder.
2. Certified copy of sale deed between Builder and seller (1 buyer) along with FIR, Paper public notice (nation and local newspaper).affidavit and indemnity bond,
3. Allotment letter from builders.
4. NOC and no dues certificates from condominium society.
Based upon above documents SBI bank as done their title search and cleared it. Could you please let me know in case of absence of possession letter will it cause any trouble in future in case if I need to sale it.
