RSharma (SPM) 10 September 2012

Transfer of unregistered property

Hi - I am planning to buy a property in Indirapuram, GZB. Seller has taken posession of the property couple of years back and have not yet got it registered. Builder is ok to transfer the property in my name after taking the transfer fee. Everyone including banl DSA, brokers and builder is confident of getting it registered in my name after the transfer.

Seller has no dues pending with builder except the demand for registration. Please let me know what are the legal ways to get this property into my name. Thanks in advance. Regard, rSharma

Reply Follow

4 Replies

ABHIJEET PARIKH (Bcom LLB MBA) 10 September 2012

take all the requisite NOC from builder and ur transaction will be directly through builder the seller from ur statement i presume that he is just an investor

RSharma (SPM) 10 September 2012

Hi Abhijeet, thanks

I could find out another thread on this portal on related topic.

https://www.lawyersclubindia.com/forum/Resale-of-Unregistered-Property-by-Endorsement-of-Builder-27879.asp#.UEyoIFbQvBY

Would would want to change your view after reading response on this thread.

Thanks

rSharma

ABHIJEET PARIKH (Bcom LLB MBA) 10 September 2012

Its purely ur Call I have gone throught the link

and I acknowledge the risk involved but if ur property is getting registered then there should not be the problem

in todays scenario flats r not held by builder they r held by investor and most imp if ur bank is fine with the transaction den only there will be disbursal

so u can still go ahead if u can get property registered in your name

regards

Abhijeet