Legal Question in Real Estate Law in India

I am interested in buying a flat in Thane. The person i am buying are the land owners who had given the rights to the builder to develop it. They had a agreement between them in which some flats (including the one i am interested in) was allotted to the land owner by the builder on ownership basis. Now the agreement of sale draft sent to me says that the parties to the agreement are builder as 'Promoters", land owners as 'Confirming party" and i as purchasers. Also, in some of the clauses in the agreement, its says that the promoter is selling to the purchasers. So the confusion is who is the actual owner of the flat and is the draft agreement OK? Please help. Thanks.


Asked on 2/18/14, 8:50 pm

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

19.02.2014

Dear Sir / Madam,

Apparently, I do not foresee any problem in going ahead with the buying of the flat. For the sake of unformity in the entire Agreement, you may insist that the Promoter has sold the flats to the purchasers.

Regards,

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Answered on 2/18/14, 8:59 pm


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