I found it hard to understand what the author wants to convey. Any person who is persuing for a home loan and who has done minimum homework, would know these facts anyway.
I would have appreciated, what are the fine points one should look for in the documents both from the bank and builder. I persued for a flat and wanted to make myself sure about the clear ownership of land upon which the complex was built. Believe me, the builder did everything but to show me the papers and even warned me of dire consequences should I insist to see the papers.
One should check the municipal tax record of the said land, ownership deed of the land etc before moving ahead. It is a common practice by all builders that they would want you to book the property first and then let you check the papers which is not recommanded.
