BDA stands for Bangalore Development Authority. A BDA flat is thus nothing but a flat that abides by all the rules and regulations of construction. It is great to have a BDA flat, as it means that the flat is legally verified as well as government approved. You can gift this flat to anyone by drafting a gift deed. A BDA flat can be sold only after 10 years from its purchase. So make sure before gifting it that it has been in your possession for 10 years or more.
A gift deed is nothing but an agreement that contains details like
Name of the donors
Address of the donors
Date and place of execution
Witnesses and more
You then need to get it registered at the registrar’s or sub-registrar’s office. This is the basic process. But yes, do not perform these tasks without the aid of a legal expert. Hire an expert and get your Gift deed drafted legally.
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How to give BDA Flats as Gift Deed?
Meherunnisa
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2 Year
2023-06-20T09:05:22+00:00 2023-06-26T10:38:29+00:00Comment
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