2. If you buy both apartments as a single unit 2 BHK apartment, then the title will not be clear and marketable in your hands. Avoid buying it. 1. There are two no`s. Apartments of 1 BHK each, in accordance with the approved BMC plan. 4. If the municipality issues a transfer certificate for the 2 dwellings, only the company issues a share certificate. The typical process of this type of transaction would be to combine the two properties with available funds/development finance, combine the two apartments into one house, and then refinance the combined property. So our biggest challenge was finding a lender who was willing, first, to refinance the mortgage on the first floor apartment and, second, to provide additional funds for the purchase of the second floor apartment – in an agreement before it was merged! Ask the client to merge the 2 apartments and indicate a khata (turnover record) to display the exact measurement of the apartment as a unit. (2) Contracting authority and extension contracts shall remain valid if they have an entrance door.
3. Remember that maintenance or other incidental costs are usually calculated on the surface of the apartment and even if you consider the 2 apartments combined into one, the fee would be more than a single unit. Many project owners tend to display 2 apartments on paper, but present themselves at the time of sale to apartments to nationality: British nationals Resident: United Kingdom Reason for purchase: expand a family home – two dwellings combine mortgage requirements: refinancing of existing mortgages plus funds for the purchase of a home on the second floor Combined income: Enough to pass the accessibility test Combined price: £1 million required LTV: 57% Mortgage term: 25 years This was the perfect solution, clients could refinance their existing mortgage, acquire the second floor apartment and then convert into property. While initially the two separate estate residences were used as collateral against the mortgage, this security was converted into land ownership after the combination. If we consider the more traditional lenders, it is rather the process of purchase and transformation that would have been the main problem. Most of the time, a growing family is the main reason for merging two dwellings into one. But with time and families grow and branched, you can still separate the two units. You can either rent both or use one and rent the other. Similarly, if and if the need for privacy arises, you can always go back to the older layout of two units; This makes this idea a very flexible option that you can rely on if your needs change.
2. Despite two agreements covering two parts of the good, the deed of sale to be exported may identify the good as a single entity. While we often meet clients who want to divide large properties into many apartments, we regularly chat with clients who want to move in the opposite direction and turn several apartments into a larger property. This is a growing trend, but one of the main problems is the situation of inheritance/property law, which can make securing financing extremely difficult. However, our experience in this particular area paid off when we were approached by a client who wanted to do just that. Since the merger of the two apartments by the client has no influence on the structure of the building and the final layout is not affected, you can continue this purchase. If there are 2 1 BHK apartments in the BMC database, there are 2 housing addresses (for example.B. 21A &21B 0r 21 and 22) with a separate entity. 2. The BMC supporting document containing information about 1 apartment does not legitimize the unauthorized merger of two apartments into one. 1. You can register a document that brings the two apartments together correctly, the contract is valid and this apartment can be purchased.
If the initial agreement applies to each unit, how come there are two units? 1. . . .