CIDCO apartments are popular because of their planned infrastructure and reasonable prices, particularly in places like Navi Mumbai. But can we sell CIDCO lottery flat? Let me tell you that for at least five years after the date of allotment, you are not permitted to lawfully sell an apartment that you were given through the CIDCO lottery. This restriction makes sure that the property is used for legitimate residential purposes rather than for temporary financial gain.
Can We Sell CIDCO Flat?
You can sell your CIDCO flat only under the following conditions:
Power of Attorney (PoA): Some owners can transfer apartments through PoA.
Amnesty system: The government of Maharashtra has implemented an amnesty system that permits PoA-based transfers completed prior to the five-year timeframe to be formally regularised.
Legal sale after five years: The apartment may be sold at any time after the lock-in term is up.
The government is also working on a policy to legalise transfer of CIDCO flats more smoothly. For now, selling before 5 years is restricted unless covered under the amnesty scheme.
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Can We Sell CIDCO Lottery Flat?
Rita55
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5 months
2025-06-17T10:15:30+00:00 2025-06-17T10:16:28+00:00Comment
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