We have seen an apartment [18 yrs old] on which sales deed has not taken place yet. The seller says its on 'agreement of assesement and trasnfer of share certificate'. He also said that we have to pay 2% to the society and nthgelse to nbdyelse.
We are not sure whether sales deed will be ever done on it. Considering not, I would like to know what are the legal disadvantage this. this ppty may be on agreement for 99 yrs dont know but. I have heard that total owner ship is not given unless sales deed is done. What does that mean and how it affects us.
If this is safe, evry bdy can do this and save money. what is that they cant do if their property is not on sales deed.?
Also there is another under contruction flat which is on freehold. Google says you can convert this to anythg on yr will.
I want to know what is that is required so that there is no problem anytime inthe future and ow do we make sure this.
