buying property from a builder proprietorship firm that purchased the land as an individual.

[User_cd245de7]

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User_cd245de7
PARTICIPANT
January 20, 2025 at 2:35 pm

I want to buy a flat. The land on which flats are built was purchased by an individual which was later developed as a building with 30 flats. The seller is selling the flats as a proprietorship firm. The proprietorship firm is RERA Registered. is it valid? will my ownership rights be secured? The bank providing me loan has doubts about it. Please guide, it’s urgent.

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[Expertfox3531]

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Expertfox3531
PARTICIPANT
January 20, 2025 at 2:58 pm

Not a lawyer

If the bank is sceptical then don’t move forward with this sale.

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