Buying property in Bangalore without A-Khata
Hello, we are planning to buy a property in Bangalore (Whitefield area) and the builder has informed us that while the land is A-Khata, due to deviations in setback area, they will not be able to provide us an CC/OC or a A-Khata for the property. According to him, most properties in the area and in Bangalore have deviations from original plan and hence it is not a big problem.
I would like to know the implications of buying such property related to staying, renting out or re-selling in future and how can I negotiate with the builder on this issue.
Asked 9 years ago in Property Law
Religion: Hindu
Thank you Advocate Sethi & Sastry. While I understand your guidance, I would like to bring to your notice some additional points:
1. The project is pre-approved by two leading public sector banks and loan facility is being provided by them.
2. There seems to be a recent Karnataka High Court ruling asking BBMP to stop issuing B-Khata and instead issue A-Khata.
3 I also have heard of a Govt scheme to regularize such properties by paying a betterment fee.
Keeping these points in mind would you still suggest we don't buy this property?
If yes, then why would leading national banks pre-approve such properties and provide loans?
Asked 9 years ago