India  |  Real Estate Law

Legal Question

Asked on: 5/20/09, 2:11 am

transfer charges for builder resale flat

Sir,

I have purchased a resale flat. Since the Society is not formed NOC is to be given by builder to submit to my banker. The Builder is demanding a transfer charge of Rs. 50,000/-. Even if I pay it , will the money be transfered to the society account after the formation of society. or can I pay the transfer charges when the society is formed. Normally the other builders charge Rs. 25000/- only. Please reply

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