90,000+ Legal Questions Answered
Can SRA Flat be resold after buying from original owner post 10 years
10 months ago
I want to purchase a sra flat for investment, but i want to be sure once i purchased the flat, can i resale it after few years? I am buying from original owner after 12 years of building development.i know that seller and buyer are barred from any sra transaction but does this include the one that i am about to purchase?
A.Dear client, if you are referring to an SRA flat in Maharashtra, Currently, the lock-in period is 10 years, and even after that period, permission from the SRA is required to sell
Helpful
Helpful
Share
Read Related Answers
Property dispute
Dear Client,
An individual gets the right to ancestral property by birth. Typically, ancestral property refers to property that has been inherited for four or more generations and has not been divide...
Sharing of property among siblings
Dear Client,
When a registered owner passes away leaving a property intestate, i.e, without any will, all the surviving family members and legal heirs are entitled to an equal share in the said proper...
Inheritance Rights Dispute Over Mothers Property in Bengaluru
Dear Client,
A property when left by the deceased owner intestate i.e, without any will, is devolved upon the surviving legal heirs in equal share following the law of inheritance/succession. After t...
EWS Certificate
Dear Client,
The death certificate of a deceased person is a crucial document that is mandatorily required for the issue of a legal heir certificate either by the Municipal Authority or to apply for a...
POA from SriLanka to India citizen Resident Indian
Dear client,
If the seller of the property is not now in India, he can still execute a POA abroad, but the process is slightly different. His first step is to visit the Indian Embassy or Consulate in...
Read Blogs on Property
Property Lawyers
Find Lawyers by Location
