u/stacking_fault

Planning to buy a 70L 2bhk. First time home buyer.

To save on registration and stamp duty charges, the seller said we can register the amount for less and the rest can be transferred to his relatives. He is ok with me paying all in white.

He says the bank would still give a loan for more than the registration amount (90-95%).

How does it work?

I want everything to be recorded in the Absolute Sale Deed.