Legal Question in Real Estate Law in India

I have bought a house in Hyderabad, AP, India and got the allotment letter for it 3 years back. I have not yet signed the Agreement of Sale. Now i intend to sell it to a 3rd party and the builder is denying the transfer. And in case i get into a agreement with the 3rd party, can he avail of the housing loan. Pls guide.

Asked on 9/04/13, 3:11 am

4 Answers from Attorneys

it is difficult. You can only sell what you own. Better to get your rights transferred to the third party with the consent of the builder.

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Answered on 9/04/13, 3:17 am
Fca Prashant Chavan Expert Edge LLP

04.09.2013

Dear Sir / Madam,

Just having the allotment letter does not imply ownership. You will have to register the title of the house in your name first, and only then sell it to another person. I do not envisage that the person will get a housing loan without the registration of the title in your name.

Regards,

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Answered on 9/04/13, 5:24 am
KarVai Legal Solutions Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in

your title to the property is not clear as the same is not registered.

Thanks and Regards

Adv. Rajiv

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Answered on 9/04/13, 8:50 am

dear client...

Contact me at uttamtibrewal@yahoo.com

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Answered on 9/04/13, 11:07 pm


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