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Can flat be transferred before getting possession?- Property Hotline
Posted
October 26, 2016
Views
619
Likes
3
Engagement
0.48%
October 26, 2016
619
3
0.48%
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1:50Now PlayingExpert: Avikshit Moral - Partner, Juris Corp.
Question: My father was allotted a flat at Yamuna Expressway with possession in 2021. Can the flat be transferred to me before possession?
Answer: In case there is no registered agreement for sale, your father can transfer the flat to you before possession pursuant to obtaining the written consent of the builder. On obtaining the consent of the builder, a fresh allotment letter can be issued in your name. In case there is a registered agreement for sale and the property has already been conveyed to your father, it is advisable to transfer the property by making the builder a confirming party to your transfer agreement. Please note the builder may levy transfer charges depending on clauses in your agreement or MOU.
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