Delay in property registration
I purchased landowner unit in a Salarpuria property in November 2018. Please note there is already an allocation agreement between landowner and builder wherein 33% units are owned by landowner. I made 10% payment in name of landowner as booking amount and the sale agreement was also signed between me and the landowner. The rest of the payment needed to be paid at intimation of possession. The builder received OC in Jan 2019. Since then they have been postponing my registration. I am ready to pay them pending 90% payment during registration. They are insisting I make the payment right now, take possession and they can do registration sometime later (not sure when though). Is it legally fine to make payment and wait for registration? Given that it 3-party registration, can it have some problems in future?
Asked 4 months ago in Property Law from Bengaluru, Karnataka
1) When does this 4 month time frame start? Is it from the date when sale agreement was made and signed (in my case it is 15 Dec 2018)?
2) If they do not register within some time frame, can I also cancel the sale agreement and ask for complete refund of 10% amount I had paid?
Asked 4 months ago