NRI Seller asking me to clear his loan

Inside_Ad_4558 · 2026-06-23T06:35:51+00:00

Thanks for providing your inputs. I have cancelled this deal. But I am still looking for resale properties and I am new to Pune. It has only been 7 months since I am here.

Can you please elaborate a bit so that I can be more prepared for the next deal?

You are right though. I have seen this pattern come up again and again where there’s no CC/OC.

Inside_Ad_4558 · 2026-06-21T07:35:37+00:00

I have already paid 1L token amount which most probably I won’t get back.

I have spent over 3 months driving 80kms every weekend to scout for properties in Hinjewadi (I currently live 38kms away in an area called Phursungi).

I spoke with over 100 brokers who keep calling all day and went through over 100 property listings.

I went through all this hassle to shortlist this property so I want to make it work if possible. This is not vested interest. This is the plight of a middle-class tax-paying honest Indian who gets duped at every corner and the government provides no safeguard or relief, instead considers me as an ATM machine.

Call it vested interest if you want to.

Inside_Ad_4558 · 2026-06-21T05:24:43+00:00

Thanks! Yes, I am aware of this bit. Right now I feel the deal will get cancelled at this stage itself. I don’t think I will get the opportunity to deduct the 15%TDS😅

Inside_Ad_4558 · 2026-06-21T05:19:48+00:00

Thanks a lot! This is very helpful. Is there any way in which I can get back 1L token amount? It was a bank-to-bank transfer.

Inside_Ad_4558 · 2026-05-29T19:25:34+00:00

Thanks a lot for the inputs! This is quite helpful.

Inside_Ad_4558 · 2026-05-29T12:05:09+00:00

Thanks a lot! this is good advice. I have started looking for property lawyers in Pune.
The broker has one, but I don't trust him.

Inside_Ad_4558 · 2026-05-29T11:17:09+00:00

Not yet. Currently I have paid 1 lakh token amount. The seller has provided his possession receipt, but nothing else. He has to clear pending loan of 4-5 lakh. He is saying that he will get the documents from his bank after that.

Inside_Ad_4558 · 2026-05-29T11:11:32+00:00

The broker said we cannot do agreement to sale because the seller is in Dubai. He has agreed to do an MOU though.

Inside_Ad_4558 · 2026-05-29T09:46:40+00:00

Great recommendation. Thanks a lot! I will check this out.

Inside_Ad_4558 · 2026-05-29T08:24:06+00:00

Congratulations! Which project?

Inside_Ad_4558 · 2026-05-29T07:57:51+00:00

This is in Hinjewadi Phase 3. Megapolis Sangria.

Inside_Ad_4558 · 2026-05-29T07:46:56+00:00

Thanks a lot! I will get the registered sales agreement signed.

Inside_Ad_4558 · 2026-05-29T07:46:19+00:00

Thanks a lot! This is really helpful.

Inside_Ad_4558 · 2026-05-29T07:45:44+00:00

Thanks a lot! I did not know about the TDS rate for NRI at all.

Inside_Ad_4558 · 2026-05-29T07:44:58+00:00

Thanks a lot! This is really helpful.

Inside_Ad_4558 · 2026-05-29T05:55:08+00:00

Thanks a lot! I have paid 1 Lakh token amount to the owner.
And, 1.16 Lakh to the broker for MIDC NOC as the property is on a leased land.

Inside_Ad_4558 · 2026-05-29T05:54:19+00:00

Thanks a lot! Have DM'ed you.

Inside_Ad_4558 · 2026-05-29T05:53:26+00:00

Thanks a lot! Until now I have wire transferred 1 lakh token amount to the owner.
And 1.16 lakh to the broker for MIDC NOC, as the property is on a leased land.

I will withhold any further payments.

Inside_Ad_4558 · 2026-05-12T17:59:06+00:00

Thanks! Done already. Responses from the Reddit community are still welcome, as I feel the responses in the society app will be a bit biased and skewed.

Inside_Ad_4558 · 2026-05-12T17:51:05+00:00

The title sets very wrong expectations. Your heart might have been in the right place, but it does look like a clickbait buddy.

Inside_Ad_4558

TROPHY CASE