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Pranay (aa)     09 April 2013

Purchase flat - legal papers req. from builder

Dear All, I purchased one flat, after paying booking amount they give me letter of Allotment on there letter head with there director's sign. When I ask for agreement/allotment on stamp paper, they refuse and told me that now this is valid. Now I pay them 25% amount and when again ask for stamp paper they refuse. Now I want to know, are that letter head is legally valid, I have only receipts of payment and that letter head. What are the papers I required from builder to be valid and legal. Kindly guide me. Thanks


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 3 Replies

Neha Chowdhary (Law Officer )     09 April 2013

Hello Sir,

Do one thing...get that letter thing notarised....

Builder is duty bound to execute agreement and get that registered....after that you will be legally owner of the flat....now...when u had paid so much amount ....dont pay next installmnt......

Try to get details of other flat buyers...check with them if builder executed agreement in their favour....

Try to get full details....before paying next amount...

Regards,

Adv k . mahesh (advocate)     09 April 2013

normally on the allotment of flat the builder has to make registration process and some will make after final amount paid check with the other flat buyers and also check the link documents from landlord and builder agreement and show them to a local lawyer 

Prabhat Kumar Maharaj (NA)     09 April 2013

Allotment letters are not issued on stamp papers, rather it is done on letterhead(s) of the builders only. While booking the flat you must have enterd into a sale agreement which must be on stamp paper. Next step is to get the flat registered in the buyer's name and for that purpose the Conveyance deed needs to be prepared and that must be on stamp paper of appropriate value (linked to the value of the property). Indianpropertylawyers are in this very line of business and you may visit the site www.indianpropertylawyers.com


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