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Mahada

(Querist) 12 March 2012 This query is : Resolved 
Hi experts ,

I am planning to purchase a MAHADA flat in mumbai from the allotee. As per the rules by MAHADA the allotee cannot transfer the flat within 5 yrs from date of allotment.

What documnets i need to prepare ...

Will power of attorney will be enough ....

Plz reply
Report Abuse
Deepak Nair (Expert) 12 March 2012
is the said 5 years elapsed??
Why do you want to prepare a Power of Attorney??

The allottee should execute a sale deed in your favour and that sale deed shall be registered after paying the necessary stamp duty.
ajay sethi (Expert) 12 March 2012
dont buy property before expiry of lock in period of 5 years . play safe with your money
Raj Kumar Makkad (Expert) 12 March 2012
I have also similar opinion.

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