Many Banks and other financial institutions are LENDING OR FINANCING the housing sector and more than 50% are ILLEGAL TRANSACTIONS, lending it to the irregular, illegal and buildings with deviation and violation. Please read through the MASTER CIRCULAR by the RBI. Marketing agencies, agents, brokers, builders, developers, sellers, resellers and owners STATE THAT THE PROJECT … Continue reading MASTER CIRCULAR REGARDING HOUSING LOAN BY BANKS – THE PRESENT PRACTICE OF THE BANKS TO FINANCE ILLEGAL BUILDINGS AND LAYOUTS – ANOTHER SCAM – FINANCING ILLEGAL STRUCTURES OR BUILDINGS
It is advised to conduct a thorough scrutiny/examination of the property documents, licenses, approvals, katha and related clearances from an expert advocate, before entering into an agreement of sale. The Sale Agreement and The Sale Deed are very important documents, which must be drafted with utmost care and all relevant details regarding the acquisition of … Continue reading WHY SCRUTINY AND EXAMINATION OF PROPERTY DOCUMENTS AND VERIFICATION OF THE TITLES REQURIED?