Recently I have booked 1 flat constructed by builder in bangalore. We have executed Sale agreement and construction agreement and I have gone for loan from SBI. The property is going to be registered in few days.
I have seen in sevelral sale deed that payment of one party to another is not through single cheque instead they break the amount and pay the seller through multiple cheque. Whay this is done? Does this gives more security to buyer in terms of financial transaction. please advice as I have to pay my balance share to builder by means of post dated cheques, although porperty shall be registered in my name beforehand.
