MANIKANDAN K.
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Buying a flat, the owner of which is abroad
Q: I want to buy a flat, but its owner is abroad and cant immediately return to India -It may take 6 months. I am not interested in GPA. Can I make an agreement/contract and take the possession of the property against 10% of property value as the consideration?

Latest Answer: I do not think any one will agree for 10 percent of the property value. I suggest you to talk with the owner or the builder or wait till the owner comes from abroad. You can even take help from a good lawyer.

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