Multiple Registration of Property Documents

vector-skyline-3By SR Agarwal, Advocate

Accommodation Times News Services

Every now and then cases are coming to light, wherein the Banks and the Housing Finance Companies, referred to herein as the Financial Institutions , have been defrauded and cheated by availing of the finance or the housing loans on the basis of Agreements for Sale or the Deeds of Assignment relating to the same property and between the same parties registered at different points of time at the different offices of Sub-Registrars in Navi-Mumbai.

 

Though there may be a couple of cases of human failure, but the root cause is the system of registering the property documents in Navi-Mumbai in any of the offices of Sub-Registrar located at CBD Belapur, Vashi, Kopar-Khairane, Airoli and even at Thane.





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