My cousin idi opted for buying a builder floor house but later canceled it on the advice of a lawyer. Many people pose the question
is it safe to buy builder floor houses or not but do not know all the details about it. If you are planning to buy a builder house please note that the sale of a builder floor unit should compulsorily be registered at the sub-registrar’s office. If it is not registered, avoid buying such a property.
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Do all cities allow the purchase of builder floors?It is to be remembered that not all cities allow buying a builder floor. It is better to have a talk with a lawyer or Municipality before buying such a house.
How safe to purchase builder floor?
Honestly I think if you can get the property registered at the sub-registrar's office, everything becomes legal and purchasing a builder floor after registration becomes safe. However the problem is these properties take a lot of time to get registered or at times might not even get registered easily.
There is also a myth that builder floors are illegal so selling it becomes all more difficult. This is the major con you will face so it is better to avoid buying a builder floor property especially if you are planning to sell it later.
This is all I can say to answer your query:
is it safe to buy builder floor houses or not but if you think you can handle the negative aspects, just go for it.
Read More:What is Independent builder floor?
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What to check before buying a builder floor?
Authors Of The Question
Is it Safe to Buy Builder Floor Houses?
Diksha
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1 Year
2022-11-07T09:41:26+00:00 2022-11-07T09:41:28+00:00Comment
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