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Friday, 28 August 2015

What is the difference between allotment Letter and possession Letter?

Allotment letter is the letter specifying which flat you are going to buy in the under construction building. Allotment letter is required as a part of the documents required for bank home loan application.

Possession letter is the letter which allows flat buyer to occupy the flat in completely constructed building legally. You can go and live in the apartment or flat with out possession letter.

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