LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Harshit Pandey   07 August 2023

Buying a property in royal palms socity aaray milk colony goregaon east is legal

I.am thinking to buy a property in Royal Palms Socity Aaray Milk Colony Goregaon East Mumbai. 

Is it a legal?

 

Read more at: https://www.lawyersclubindia.com/forum/create_message.asp



Learning

 5 Replies

kavksatyanarayana (subregistrar/supdt.(retired))     07 August 2023

Without verifying the EC and related documents cannot form an opinion.

T. Kalaiselvan, Advocate (Advocate)     07 August 2023

The land of Royal Palms is spread across 240 acres out of which they used/utilized 90 acres (approx) only.

Government vs Royal Palms Builder enter in to an agreement for 999 years lease in the 90′s, the only condition was there that they need to rehabilitate the existing tenant in separate building and they (Royal Palms builder ) did it very well.

now those who want built a bungalow on open land ,the agreement will made of lease agreement not sale.

but those who want buy flat ,the agreement as normal like deed of sale.

No  Bank will give loan if the documents are not proper “specially Nationalize bank , bank will not sanction a loan either. so better go by your self and check with any nationalized bank, whether they are giving loan or not, because if you want Home in Mumbai that too on loan Royal palms is the best place reasons are :

1 Full Greenery.

2 less pollution.

3 Affordable price, condos and studio apartment.

4 Good connectivity Powai 10 min, Andheri MIDC 15 min, Malad 10 min (only if you have own vehicle).

Dr. J C Vashista (Advocate )     08 August 2023

Get its title and encumbrance verfied through a local lawyer.

Sidhhi   15 August 2023

My friend was working in Royal Palm. Avoid going ahead before ascertaining the legality. Developer is having bad reputation and involved in ligations.

P. Venu (Advocate)     15 August 2023

What is the context in doubting the legality of the sai property?


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register