I am going to purchase one Shop situated at
1. Agreement between Builder and the Shop Owners, Mr. & Mrs. Dhodapkar, executed on 26/12/2009 in respect of the said Shop,
2. After payment of full consideration, Possession Receipt, in respect of the said shop, executed in favour of Shop Owners,
3. The Shop Owners never use this Shop. The Shop is in new condition as they purchased from the Builder, therefore Tax Bill is yet not transferred in favour of Shop Owners, as well as the reading of Light Meter is also zero.
4. The Builder has executed Deed of Declaration in favour of Unit Holder/s,
5. Deed of Apartment in respect of the said Shop is yet not executed in favour of
the Shop Owners,
6. We want to take loan from financial institution,
So, which precautions should I take before purchasing the said Shop in Apartment Condominium, Provisions of MOFA, Act, etc. ???
I am waiting for
Please reply…
Aryan Jadhav,
D.V. Nanekar & Associates,
Pune,