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Q.

I intend to purchase a land in Thrissur, Kerala. The land is developed (like levelling, tarr road, fencing) and marketed by a broking firm for the owner and payments have to be made to the broking firm. What documents should I ask for from the broker? I intend to take bank loan for the same Will an agreement with the broker wil be sufficient for obtaining the loan? Please advice.

Tags: money, bank loan, real estate
Asked by sanju, 04 Apr '12 04:03 pm
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Answers (4)

1.

Ownership root,authority to dispose,no incumbrance certificate from su-registrar's offe,verification of payment of various tax,electricityand other local dues,agent if holds no registered power of attorney to plotting, booking,taking advance on behalf of owners ,then it may swindle,as tomorrow some other agent takes advance on the same plot.
Answered by vishwabandhubajpai, 06 Apr '12 05:31 am

 
  
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2.

Hi, You will need a tripartriate agreement ,where the landlord , developer and the buyer agree to the price of the property and terms of payment.Unless there is a power attorney given by the landlord to the developer on his behalf ,against the sale of the property the broking firm is not authorised to receive the money or sell the property. Please make sure the documents are in order......!
Answered by Rachana, 04 Apr '12 04:13 pm

 
  
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3.

You need pucca documents like EC and clear deeds of sales documents
Answered by saranathan Narasimhan, 10 Apr '12 07:42 pm

 
  
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4.

Still many more papers are need to be submitted at the bank that lends you loan, better consult the bank from where you intend to procure loan...!
Answered by Dil Se, 04 Apr '12 04:11 pm

 
  
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