I have been recently transferred to Bangalore. Being impressed by the city, I want to buy a flat but my resources are limited. Can I register only undivided share of the Land as the flat is still under construction? Later, on completion of the construction, whether possession can be taken duly supported by possession certificate? Whether this type of transition legally valid?
- by Narayana Reddy, Raichur
You can register the undivided share of land as the flat is still under construction. But, please ensure that the full particulars of flat to be purchased are incorporated in the sale deed of the undivided share of the land.
However, allotment letter from the builder or promoter is must. After construction is completed as per the construction agreement, you may take possession of the flat duly supported by possession certificate. There is no need to register the flat built under construction agreement as the sale deed of undivided share of the land is already registered.