Business Standard

Conduct separate title searches on plot, apartment to avoid disputes

Not doing so can hurt buyer even years later, when he tries to sell the unit


A developer may try to fob you off by saying that the project is bank-approved. Even then insist on seeing the title report

Namrata Kohli
Nagendra Rao (name changed on request) bought a ready commercial unit from a developer for Rs 50 crore. He executed the sale agreement, paid the money, registered the property in his name, and began to run his office from those premises. Years later he decided to sell it. The prospective buyer he planned to sell it to appointed a law firm to do a title search. The search revealed an outstanding loan of Rs 30 crore from a nationalised bank on that unit.

Rao then hired his own title search agency. The agency, too, found that the Rs 50 crore

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First Published: Feb 17 2023 | 7:43 PM IST

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