A lot of consideration and investigation must go into purchasing a Mumbai flat on property that has been leased for 99 years.
To make sure the land lease agreement is genuine and has enough years left, you must first conduct a background check on the area and the relevant development body.
Reviewing the terms and conditions of the lease agreement is crucial. Take into account things like renewal options, maintenance costs, and any limitations put in place by the lessor.
The developer will be required to abide by the terms and conditions set forth by the government and the landowner.
The property may be built by the developer and then offered for sale. The landowner can reclaim possession of the property once the buyer has owned it for 99 years.
Additionally, it is wise to consult a lawyer to help you deal with the complicated documentation and confirm the authenticity of the property in Mumbai.
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How to buy a flat in Mumbai in a building on land leased from PWD for 99 years?
Maricinarka
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2 Year
2023-10-03T09:03:37+00:00 2023-10-03T19:22:50+00:00Comment
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