90,000+ Legal Questions Answered

Can SRA Flat be resold after buying from original owner post 10 years Can SRA Flat be resold after buying from original owner post 10 years

9 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?

Anik

Responded 9 months ago

View All Answers
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

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Read Related Answers

question iconInheritance 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...
question iconEWS 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...
question iconPOA 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...
question iconDarkast agriculture land sale
Dear Sir, If there is perpetual restraint from selling the land then the grandson cannot sell without the permission from the Deputy Commissioner. The conditions in the Darkasth to be read.
question iconMutation of property in authority records based upon registered gift deed
Dear Sir, Yes, the mutation will be taken place as jointly in respect of your respective wives. You have to produce certified copies of both the Gift Deeds.