Cidco 12.5% ges plot flat advise require
rupesh mirajkar
(Querist) 06 December 2013
This query is : Resolved
Dear sir,
i am intrested to pruchase a resales flat in Belapur Sec 14. the building is g+4 (4 flat only ) and standing on 12.5% GES plot.owner provided me following documents. kindly confirm it is adviseable to purchase such type of flat?
1. sale agreemnt ( between builder & 1st owner) 2. OC certifcate 3. Triparty agreement. 4. Land hership certificate 5. Cidco lease agreement.
the documents is view genuine but i have some doubt?
1.building Conveyance is pending 2. what will be the role of Builder or CIDCO for flat transfer 3. can CIDCO take any FEE for transfer of Flat ? 4. without Conveyance can CIDCO transfer this flat on my name ? 5. Bank will provide home loan to such flat ?
prabhakar singh
(Expert) 06 December 2013
I would not advise to go with transaction.
It seems to be a serious matter and requires examination of all documents personally.
Hence better consult in person a nearby property lawyer with all documents.
Rajendra K Goyal
(Expert) 06 December 2013
Agree with the advise of expert prabhakar singh ji.
rupesh mirajkar
(Querist) 06 December 2013
Dear sir,
please give your advise if you have differnt opnion for this case.
Rupesh
ajay sethi
(Expert) 07 December 2013
CIDCo is owner of land and has goiven it on lease to builder who has constructed flats . since building has Occupation certificate it means building has been constructed as per building plans . read the terms of agreement between builder and owner . it would contain a clause as to resale of flats etc . many buildings in bombay dont have conveyance in favour of society . it appears in present case society has nnot been formed yet .
advisable to consult a local lawyer . you will have to pay trnasfer charges for trnasfer of flat in your name . .
R.K Nanda
(Expert) 07 December 2013
no more to add.
