When I was planning to buy a property in Bangalore, I learned the concepts of B and A Khata. So I asked my friend who is a real estate lawyer, "Can we sell B Khata property in Bangalore?" She said that it’s a very complex procedure. Let me share the insights that I learned from her in this respect.
Can We Sell B Khata Property in Bangalore?
It is possible to purchase or sell a B Khata property in Bangalore. But, you should be aware that B Khata properties could encounter specific restrictions or challenges, like trouble obtaining financing or possible legal problems because of breaking certain rules.
Here are key points to consider:
Buyer Awareness: Potential buyers must be informed about the B Khata status and its implications, such as the unable to obtain loans and the need for future regularisation.
Price Negotiation: Due to its B Khata status, the property may have a lower market value compared to A Khata properties. Be prepared for price negotiations reflecting this.
My friend also said that it is better to sell the B Khata property only when it is converted to A Khata. She provided a few reasons for this,
B Khata includes a list of properties deemed unlawful or in breach of construction codes.
For the building, ownership transfer, and property trading processes to go smoothly, B Khata properties must be converted to A Khata properties. This conversion minimises hassles and guarantees legal compliance.
Property owners can legally own their property and sell it whenever they choose by acquiring an A Khata certificate.
Additionally, they have easy access to loans, licenses, and other property-related services with the A Khata certificate, which streamlines transactions.
I hope this information helps you understand whether it is safe to sell/buy a B Khata property!
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Can We Sell B Khata Property in Bangalore?
Jignesh
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11 months
2024-07-02T13:45:18+00:00 2024-12-11T10:45:40+00:00Comment
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