Legal Question in Real Estate Law in India

I have purchased a resale flat in gaziabad.The owner of flat have issues NOC for transfer of flat on 10 RS stamp paper and submitted to builder, and the builder have issued Allotment order on my name ,is there any other legal formality left. the first owner of flat had paid only 10percent of payment which i have paid him and builder have not issued Allotment order to the previous owner, previous owner was given only welcome letter by builder.


Asked on 12/29/12, 1:34 am

2 Answers from Attorneys
Fca Prashant Chavan Expert Edge LLP

29.12.2012

Dear Sir / Madam,

As I understand from your query, you have settled the full consideration for the resale flat purchased by you to the seller and the builder and taken possession of your flat. If your flat is in a building with 10 or more other flats in the building, your next task ideally should be to form a co-operative housing society of all the members, if a co-operative housing society is not already in existence. If the prevailing rules require you to get the flat registered with the local Ghaziabad District authority, it is in your interest to comply with this formality.

Regards,

FCA Prashant Chavan

Mumbai

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Answered on 12/29/12, 2:52 am
Shrichand Nahar S.V.Nahar, Advocate

Check local laws applicable to the area for sale of flats/apartments and act accordingly.

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Answered on 1/02/13, 8:58 pm


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