What is the procedure to sell property in Bangalore?

I am planning to sell a property and it is currently under ICICI Loan. Buyer is taking loan from LIC and says LIC will close my loan at the day of registration. What will be the proof given to me assuring that LIC has issued a cheque/draft to close ICICI loan ? After what proof I can sign before registrar to sell the property?

One Reply to “What is the procedure to sell property in Bangalore?”

  1. LIC will send a cheque to ICICI towards closure of outstanding loan and the copy of the cheque you can ask from LIC.

    LIC will take care of those things and you don’t need to worry.

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