1) enter into MOU with the seller

2) it should be mentioned that 5 lakhs has been received as consideration for sale of land

3) that seller shall execute regd sale deed in your favour within period of 3 months or so

4) that in the event he fails to execute registered sale deed he would refund Rs 5 lakhs paid with interest at 12 per cent per annum

5)tht seller shall obtain consent of LDA for sale of land to you

Dear Client,

For any unmindful act,the party is himself liable. more so, paying in 3rd party account,

Execute agreement to sale and mention all the details from the bringing , terms, payment made , mode of payment, .

Do not pay further without agreement and money receipt.Submit a complaint to the LDA and request to execute a registed deed. You can also locge a complaint to the Police.Failing which any relief you can file a case in Consumer Forum.

Hi, first thing to do is to get the information from LDA office about the Status of the plot ( name of allotee and the amount due that has to be cleared ) .. After , you are satisfied with the title of plot , enter in to a sale agreement mentioning the details of payment and the cheque no. .. For obtaining house loan , you will be requiring the sale deed of the plot

please ask your self that with whom you are entering into an agreement to purchase his landed property.

the seller is only holder of an allotment letter from LDA. as on today he is not the owner of the property.

if i am not wrong the LDA will put a clause in the deed of the seller that the seller will not be entitled to sell the property for a considerable period of time say 10 years/ 5 years.

what you will do for that time.

first consider this aspect then think for purchase of that land by entering into a valid agreement for sale.

Dear Querist

execute an agreement to sale that land with him/her and registered the same before sub registrar and also mention all the payment made by you on his.her instant. it will be secure and safe for your money.

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Hi,

please enter into a sale agreement with the party narrating the details of amount paid date by date with account no. and the party to agreement to complete the sale by completion of all the documentation from the vendor from LDA including registry.

The party should be made binding to compulsorily register the property in your favor after the registration from LDA is complete.

The vender should be made obligatory to sell the property only to other person with the prior NOC from you after discharge of complete due amount.

Thanks

Also please confirm from the allotment letter issued by the LDA if there is any clause restricting the sale of the property in any way.

You have to get an ATS executed between Your self and the Original Allottee.

Also ask him to get the Allotment Transfer in your name and also Deed to be executed in your favour

Ask the seller to get the consent letter from the LDA

Till then enter into a written arrangement with the person saying that Rs. 5 Lakh has been paid and that the sale deed will be executed within a duration of 3 months.

Also mention that how the same will be refunded if the same is not honoured.

Regards

You can enter into a sale agreement based on the transactions happened before yo two so far and for the future arrangement of the execution of registered sale deed .

You can mention the cash transfer details in the sale agreement including the payment now proposed to be made.

Consult a local advocate and get his opinion also and his assistance to initiate steps for recovery of amount in case the seller is trying to play more games on it.

Make an agreement of sale mentioning the payments already made after completion of sale you can go for bank loan