Buying a BDA site which has a sale restriction for 10 years
Posted: September 26th, 2011, 9:50 am
Hi,
I have finilised a 20*30 BDA site in J P Nagar 8th phase. This plot was alloted in 1999 and had 10 years sale restriction , but the original allotey has sold this site in 2005 to some person 'xyz' , now I am planning to buy this plot from Mr xyz.
Is it safe to buy this kind plot as the original allotey has voilated the BDA law and sold it within 10 years sale restriction period?.
Can BDA take back this kind plots where original alloties sell the plots before 10 years sale CAP.
Thanks in Advance.
Abdul Nabi
I have finilised a 20*30 BDA site in J P Nagar 8th phase. This plot was alloted in 1999 and had 10 years sale restriction , but the original allotey has sold this site in 2005 to some person 'xyz' , now I am planning to buy this plot from Mr xyz.
Is it safe to buy this kind plot as the original allotey has voilated the BDA law and sold it within 10 years sale restriction period?.
Can BDA take back this kind plots where original alloties sell the plots before 10 years sale CAP.
Thanks in Advance.
Abdul Nabi