Hi all,
My husband has a purchase agreement with a power for consideration agent towards purchase of a residential land. We have decided to withdraw from the EPF for financing the purchase. But we have a lot of clarifications regarding the filling up of the new declaration.
1. Name and address of the owner of plot from whom agreement executed - We do not know whether we have to provide the address of the owner, or the details of the person holding the power for consideration as the document entitles him to sell the property to us. It is a registered valid document. Please help
2. Can we withdraw from the PF for purchase of a dwelling site or is it mandatory to construct a house immediately? If so what is the time limit for constructing a house on that site? Kindly advise.
3. Please note that this is just a residential property in a small town and in no way like the plots sold in cities. The area is 25 cents (approx. 4.5 grounds)
Thanks and regards,
Deepa Dixon
My husband has a purchase agreement with a power for consideration agent towards purchase of a residential land. We have decided to withdraw from the EPF for financing the purchase. But we have a lot of clarifications regarding the filling up of the new declaration.
1. Name and address of the owner of plot from whom agreement executed - We do not know whether we have to provide the address of the owner, or the details of the person holding the power for consideration as the document entitles him to sell the property to us. It is a registered valid document. Please help
2. Can we withdraw from the PF for purchase of a dwelling site or is it mandatory to construct a house immediately? If so what is the time limit for constructing a house on that site? Kindly advise.
3. Please note that this is just a residential property in a small town and in no way like the plots sold in cities. The area is 25 cents (approx. 4.5 grounds)
Thanks and regards,
Deepa Dixon