Suggestion on buying a plot without registration
There is a situation
We are planning to buy a plot
But this guy owns an agricultural land he is yet to convert it to plots
He has no money for the approvals
So what he is doing is he is selling part of the land in the size of plots
But he will sign only sale agreement
Only after 6 months after the approval he will dk the registration
I have to pay the half amount of plot now itself
He is doing this bcs he doesn’t have money for the Approval and plot initiatives
Shall i trust this?
We are getting in discounted rate and we are very much keen on buying this area after he put plot but then the rate will be higher.
About this guy: we have common friend, he is actually lower middle class, this is his ancestral property which now values in crores, so it is trustable when he says he has no money for approval.
My question is if this guy cheats/doesnt get approval is it possible to get the money? Will i have any problem ?