Results for #provide
Regulations
#society#process#redevelopment#builder#provide
Our society is currently in the process of going for redevelopment. Does the builder need to provide entire 35% fungible FSI to us or they can use it for their sale?
Our society is currently in the process of going for redevelopment. Does the builder need to provide entire 35% fungible FSI to us or they can use it for their sale?
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Answered on November 08, 2017
As per Regulation the Fungible for Rehab isFree to the extent of 35% of their existing area and canot be used for Sale. However Legally areas can be sold and a way be deviced to do so
Legal
#mumbai#flat#owner#loan#property
I am a 24 year old individual living in Mumbai. I want to buy a flat in Kharghar. The owner of this flat had taken a loan for this property and hasn't paid it off altogether. What will happen to that? Also the papers of the house would be with the bank, so how can I claim that? Are all the original documents required during the registration? And what all documents will I have to provide while buying the flat?
I am a 24 year old individual living in Mumbai. I want to buy a flat in Kharghar. The owner of this flat had taken a loan for this property and hasn't paid it off altogether. What will happen to that? Also the papers of the house would be with the bank, so how can I claim that? Are all the original documents required during the registration? And what all documents will I have to provide while buying the flat?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
You will require an NOC ffrom the bank prior to buying such property. You can make payment of the balance dues of the bank from the agreed value of the flat to the Bank directly and thereupon you can also get the originals of the flat from the bank. The original documents of the Flat will not be required at the time of registration of your agreement/sale deed.
Legal
#documents#co-operative#society#provide#buyer
What are the documents that a Co-operative Housing Society should provide a buyer with, at the time of selling a house?
What are the documents that a Co-operative Housing Society should provide a buyer with, at the time of selling a house?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
No objection certificate inter alia certifying that the member selling the flat has no dues and that the society has no objection for the sale by such member.
Legal
#flat#builder#development#agreement#banks
I wish to buy a flat in Vasai and I have gone through a few and zeroed on one. The builder has all the papers and it is approved by CIDCO as well. The only thing that isn't there are the development agreement papers. Most nationalised banks are not providing loan for this reason, but the housing finances like GIc/DHFL are willing to provide loan. Which is why I am confused, what do I do?
I wish to buy a flat in Vasai and I have gone through a few and zeroed on one. The builder has all the papers and it is approved by CIDCO as well. The only thing that isn't there are the development agreement papers. Most nationalised banks are not providing loan for this reason, but the housing finances like GIc/DHFL are willing to provide loan. Which is why I am confused, what do I do?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
It will all depend on the title of the builder to the land in question. Nationalised Banks are usually very cautious while dispossing such loan. However, financial institutions are aggressive in that connection.
Legal
#reside#property#poa#provide
I reside in the US and wish to buy a property in India. Can I give my father the POA and execute this? If yes, could you provide a specimen on the same?
I reside in the US and wish to buy a property in India. Can I give my father the POA and execute this? If yes, could you provide a specimen on the same?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Yes, if you are an Indian National, then you could execute such Power of Attorney before the Indian Emabassy and forward the same here for adjudication and payment of stamp duty.
