I am going to buy a resale Under Construction flat, supposed to be given posession in 3 months. Current owner has paid 90% payment and has also Agreement to Sale done with building(with valid stamp duty paid). Broker has advised to go for Agreement to Sale and then approach builder for NOC.
I have also been told by one of Bank Loan executive that this Agreement to Sale will need tripartite agreement between builder , seller and myself. Further later again a confirmation deed or sale deed will need to be done with Seller.
Request your views and inputs on-
- what exactly is sequence of legal documents to be executed and registered
-does first agreement needs to be tri-party or only NOC from builder sufficient? What about subsequent documents
-any specific clause recommended to be included in legal documents/deed.
