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Can I sell the MHADA flat gifted by my mom

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0 2022-03-21T10:17:52+00:00
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Yes, your MHADA apartment can be sold. Owners of MHADA flats, on the other hand, are only entitled to sell their units after five years from the date of purchase, according to the rule. However, as a seller, you should keep in mind that you should not sell the property using a power of attorney rather than a registered deed during the lock-in period. The sale of your property through a power of attorney is illegal, and if the MHADA executes a surprise raid, the buyer is likely to be evicted. Take legal advice regarding any buying and selling disputes from the experts at NoBroker legal service. However, for better clarity and understanding of your query, I would like to suggest you go through this, I Want To Sell My Mhada Flat . I Have Allotment Letter But I Don’t Have Possession Letter Or Tabe Pavati. I Don’t Know Whether It Is Giving To My Parents Or Not. We Are Alloted In Flat In 1973 . That Time Mhada Giving Tabe Pavati Or Not?
1 2023-10-29T14:32:54+00:00
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There are a few rules that you have to stick before you ask can we sell MHADA flat. Here the things to consider: As per the MHADA flat resale rules, you cannot sell the flat when it is still within the lock-in period. The lock-in period is generally five years from the date of possession of the flat. However, if the lock-in period is over, you can sell the flat. You will need to transfer the ownership of the flat to your name first, and then you can sell it. I hope this clarifies your doubts on the matter: can we sell MHADA lottery flat. Get property documentation and legal verification done from NoBroker Read more: What are the documents required for MHADA Lottery 2023 in Mumbai? Now protect your property investments from legal issues. Buy NoBroker Legal Services plan to ensure all the legal checks

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