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How to Buy a House Under Construction An Introduction to Tripartite Agreement

Buying a new apartment involves several financial and legal formalities. In many cases, people take a loan to buy a house from a bank or non-banking financial company. Two parties are involved in property transactions, namely, the buyer and the seller. However, there are times when a third is included. The third-party becomes a part of the process if you are buying the house with a loan. In most cases, it is a bank. A tripartite agreement is necessary when a buyer applies for a home loan to purchase an under-construction property.

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Find Your Forever Home Book OmShakthy Plots for Sale in Chennai

Own the freedom to build your own home on CMDA and DTCP-approved land in Chennai. OmShakthy brings to you a wide range of gated community plots in Chennai at the best prices. Make an informed decision based on the carpet area, built up area & super area and other metrics impacting your real estate transactions. Stay tuned for more.

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