Legal Question in Real Estate Law in India
My client has CGHS society flat in Faridabad.he has got share certificate endorsed in his name and sale deed of the flat. Bank is asking for ptm from HUDA, however huda does not maintain any record of individual unit holder of society. Member has taken ptm from society but bank is still refusing for disbursal. Please suggest is there any law/provision wherein after getting conveyance deed /sale deed member does not require any ptm from huda
1 Answer from Attorneys
In case of society, there can not be any sale deed/conveyance deed of flat in favour of any member. Society is and continues to be owner/lessee of building and land.
As far as HUDA permission is concerned, you need to check terms of allotment of land by HUDA to Society. If no permission is contemplated in that, then no permission is necessary.
Related Questions & Answers
-
I stay in 40 yr old building i want to redevelop that building how much fsi will i... Asked 11/19/10, 11:57 pm in India Real Estate and Real Property
-
Want to buy a plot from individual.we want to make this a clear and safe sale... Asked 11/19/10, 2:11 am in India Real Estate and Real Property
-
I am planning to buy a flat in okhla delhi, the sale these flats are only by giving... Asked 11/18/10, 10:17 pm in India Real Estate and Real Property
-
I have a property registered in my name and my son's name.I had already given... Asked 11/18/10, 12:07 am in India Real Estate and Real Property
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
