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Encumbrance Certificate: Flaws and Limitations

After months of research Vishal Das, a Bangalore based brand consultant, invested in a posh 3 BHK flat in an upscale locality. He bought it from an NRI who dutifully transferred all the necessary documents in Vishal’s name. An Encumbrance Certificate (EC) was also issued for a specific period. But little did both seller and...Read more

Buyers grab flats for low rates but sans occupancy certificate

Bengaluru: Ravishankar (name changed) and his wife were on top of the world when they recently started living in their newly purchased apartment. A 2-BHK house for Rs. 45 lakh sounded like a good deal, for which they obtained a bank loan too, all facilitated by the builder. But their happiness was shortlived. “We were...Read more