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Q.

Can I change my under-construction flat from same builder and with same building just floor change after tripartite agreement done and bank disbursement payment 60%?

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Yes, you can change your under-construction flat to a different floor within the same building, even after the tripartite agreement has been signed and 60% of the bank disbursement has been made. However, there are a few steps you'll need to follow:

Steps to Change Your Flat:

  1. Consult the Builder

    : Reach out to the builder and express your desire to change the floor. They will provide you with the necessary procedures and any additional costs involved.

  2. Amend the Tripartite Agreement

    : You'll need to amend the existing tripartite agreement to reflect the change in the flat. This may involve drafting a new agreement or an addendum to the existing one.

  3. Bank Approval

    : Inform your bank about the change and ensure they approve the amendment to the agreement. They may require additional documentation or reassessment of the property value.

  4. Pay Additional Costs

    : Be prepared to pay any additional costs associated with the change, such as increased price for the new floor, registration fees, and stamp duty.

  5. Legal Documentation

    : Ensure all legal documentation is properly handled and registered to avoid any future disputes.

Need help with property registration and document verification? Contact NoBroker Legal experts to get end to end assistance here
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