Buying or selling a builder property involves multiple legal and financial procedures that require careful verification and documentation. From checking the builder’s approvals and title documents to drafting agreements and ensuring compliance with RERA regulations, every step is crucial to secure a hassle-free transaction. At Legal Assure, we assist you with end-to-end support for builder property transactions, including document verification, agreement drafting, registration assistance, and legal guidance, ensuring your investment remains safe, transparent, and legally protected.
A builder buyer agreement is a document which specifies the modalities, conditions and clauses between a builder and a homebuyer. Clauses of the builder buyer agreement are related to the property concerned, delivery details, and conditions related to default and delay in project delivery among other clauses. The builder must get the Completion Certificate even if the flat owners take possession before issuance of such certificate.
The transfer of an under-construction property is subject to multiple factors, including the project's construction status, the buyer's home loan profile, the reputation of the builder, payment methods and the transfer charges.
Conventionally, a tri-party transfer deed is used to transfer an under-construction property. In this scenario, the seller and the buyer sign the deed while the builder acts as the confirming party.
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Yes, this is referred to as 'flipping a property'. This technique is used by many investors to earn returns.
The builder may or may not return the transfer fee paid by the assigner if the new buyer backs out. To resolve this issue, you should request that the builder keep the fee until a new buyer can be found.