Pavalavel Kanagavel
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Checklist for proceeding with a site.
Q: I have finalised a BDA property in Bangalore. The site is with an intermediate inverstor as per the broker. I am speaking with the investor on rates, duration and payment terms. The registration will be done by the site owner who i havent met. Can you please let me know what are the checks i need to do before proceeding with this site? Should i be checking for an agreement between the site owner and the investor? What are the other documents i will have to check other than the usual documents. I haven't yet had a word with my Lawyer. I would like to take view of you guys before proceeding to getting the document from the broker.

Latest Answer: Hi Pavalavel,
I would suggest you to keep a complete check on what is happening between the site owner and the investor. As you might know the correct value of the property and not end up paying more. As it is a resale property, you can negotiate with the owner or broker (whoever responsible for the transaction). Documents to be checked are title of the property, registration papers, stamp duty and property tax paid or not, agreement occurring between the owner and the intermediate investor. Do consult your lawyer before dealing with the property.

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