Selling the propety in two pieces to two unrelated purchasers. - Q&A Forum

Q & A Forum › Category: Real Estate › Selling the propety in two pieces to two unrelated purchasers.

vijaykumar asked 4 years ago

I want to sell my society allotted vacant corner site 1600sft . Agent want to sell this property to Two purchasers as two parts of 1000sft and 600 sft by separate registration on each. He says it it easy for them get separate katha for both form BBMP. Will it cause any legal problem after wards. Can I add any safer line in the registration paper that , purchasers taken on their own decision and I am not responsible any thing happen further.

Question Tags: katha transfer, propety sale in two piece, registration

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Sreekanth Staff answered 4 years ago

Hi,
I believe that as long as the bifurcated land pieces are more than 600sq ft each, land bifurcation is not an issue.
You can get that clause included in the two Sale agreements (on mutual agreement only..).