Dear members,
This query is regarding purchasing a flat..probably offered on lease.
It's a flat of housing department of State govt.In application for willing to purchase such flat,it's written that the flat can't be transferred within 15 years from the date of registration,and if it would be transferred after 15 years,it must be transferred to certain catagory of State Govt Officers.Is it a legally valid clause ?
Second point is,if one wishes to give such flats on rent,what procedure is to be adopted,as nothing is written on this in such application form.
Thirdly,people are suggesting that it's very troublesome to sell such property and lot of problems will be there in getting approval and sanction from govt authorities.Is it so?
Kindly opine.