Hi Sir/Madam,
I am looking to buy an apartment in Bangalore.The apartment owner bought this from land owner and there was a tripartite agreement between the seller,land owner and builder.The seller has original sale deed, construction agreement,Khata records(certificate,extract) but the original agreement to sell that was franked(0.1%) is lost.As per the seller he had given it to home loan bank from whom he had taken loan and bank while giving NOC for clearing loan has given in writing that the original agreement to sale is misplaced by them.
There were two copies of original agreement to sale,one with seller and another with land owner.The land owners original copy is available but it was not used in franking.The one which was franked is lost.
Can I go ahead and buy this property.My bank advocate says its fine to go ahead with the letter from Seller's bank that it was lost by them.I am worried what happens when I sell this tomorrow,will the prospective buyer's bank also ask for chain of agreement to sale or they wont care about this agreement between builder and first owner as all chain of sale deed will be available.
Thanks