Dear Friends,Appreciate your openion on the following issue.It will be of great help to me.
I plan to buy a Flat in Andhrapradesh. The owner (my uncle's friend)of the Flat is abroad. Since the owner want the money immediately, my uncle(who is also abroad) plans to pay him the money on my behalf and collect the original documents and key and send it to me. It will be sometime before the owner comes to India and transfers the same to my name. I am depending on my uncle, as he assures of the complete deal. How do i proceed?What are the documents that I should ask for to protect my interest till the time the flat is transferred in my name. Will a sale agreement in stamp paper signed by the owner with my uncle as witness(but not registered) be of any help in case something happens to the owner before the transfer. What will be my recourse, if the owner later claims that he has not received the money. Though my uncle has given him the same on my behalf and i have the original proporty papers. Should my uncle also take a receipt on stamp paper?
