Hai all,
We are planning to buy a flat from a builder, who is in this field from past 15years. The issues is when we contact the corporation bank for loan,they had asked us to get a legal opinion from their panel lawyer..He told us that the GPA holder and the purchaser cant be a same person..
GPA holder sold that property to the himself? That is the builder Mr.X is the GPA holder and he is the purchaser too..SBI,LIC,AXIS, FEDERAL, HDFC,most of the major banks have approved.
We had asked for 2nd opinion, that person told,.. that wont be a problem becoz most of the builders are following this nowadays.
Should we buy this flat or not?If we buy so,will there be a problem when we want to resale this apt? please advice.
Thanks
