Dear Mr. Brinal

Ideally Landowners share flats are at times a good bet bcoz it is generally available at a very competitive rate. You should look into the following things before purchasing a land owners flat.

I] pls get checked the agreement between Landowner and the developer. things to check in this agreement are – Flats allotted to Land owner, who has the marketing rights of the flats, Any date clause mentioned by the builder, any price clause mentioned.

II] If the land is a joint holding pls check the partition  deed. Agreement between all the landowners.

III] Pls chk on the material used if it is similar or different from the builders stock, if not you can negotiate for more.

To answer your second query – Land owner will not charge VAT & ST in case builder has agreed to pay VAT and ST to all flats combinely if not then the LO will collect ST & VAT from the client.

Sale agreement will be between the Land owner and Buyer

For more queries you can contact

Srinadha Gupta – Sales Head

Full basket property – 986637299