Hi All,
I booked a flat (under construction) in Bangalore from the Land Owner. On reading the complete set of documents associated, I noticed that The Land Owner had purchased two adjacent lands in 2 parts in 1993 and 1994 respectively and in 2012 had entered into a JDA with a builder from AP and the construction had begun.
The Land owner claims that the Sale deed for the first part of Land (Purchased 1993) has been lost. Hence he had posted an advertisement in the local paper and he claims to have undergone the formalities involved.
The Land owner has given a copy of the original sale deed for the second part of the land (Purchased in 1994).
My questions are these
a) Is there a way to check from Govt Sources (i.e. Resgistrars Office) if the Part 1 of the Land (purchased in 1993) was in fact in the land owners name as his claim is, and he has the sole right to do what he wants with the property eventhough the Original sale deed is missing.
b) What other documents would I have to request from the Land owner to ascertain the above point is true and will help me sell the flat without any hassles (if need be) at a future date (OR)
c) What documents would I need to obtain so that I will not have any problems enjoying the ownership of my flat.
The Land Owner + the Builder claim that SBI has approved housing loans for other buyers already. In this case would the bank have actually done due diligence on the afore mentioned Issue? Will it be good to go by the banks words if it claims to have checked everything and all documents are correct? Or is it best to consult a lawyer individually to ascertain the facts before proceeding with the deal?
Please Advise.
Eashwar R
