Selling property before six months in a co-operative housing society
SUKHVIR HOUSING AGENCY
(Querist) 23 November 2013
This query is : Resolved
Respected Experts,
My friend had purchased in May' 2013, a residential property in mumbai, but now he wants to sell it due to his bad financial condition as he is finding it difficult to pay BANK EMI, He got a buyer so he approached Society to obtain NOC to sell his flat but society refused to give NOC and told he cannot sell flat before One Year as per Bye-law.
Please suggest the remedy/solution of such situation.
Your valuable suggestion is highly appreciated.
with regards
Hemant Agarwal
(Expert) 24 November 2013
1. The Society is concerned ONLY with membership. And in a registered Society there should be a minimum of one year between two transfer of membership. Means a minimum membership holding period of one year.
2. You may approach the Coop. Registrar of your ward, with a due application, seeking special permission, to transfer membership, which the Society would be bound to follow.
Keep Smiling .... Hemant Agarwal
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V R SHROFF
(Expert) 24 November 2013
transfer period of one year is chs requirement.
One can sell any time.
R.K Nanda
(Expert) 24 November 2013
agree with experts.
