Some MHADA flats are leasehold, so always check the lease period, renewal terms, and payment status. Also, confirm if it can be converted into freehold property to avoid future legal issues. Often people wonder, Is it okay to buy flat from MHADA tenant in India? The clear answer is no, because a tenant cannot sell a MHADA property. You can only buy it from the original allottee or a legal owner.
What is the Legal Checklist Before Buying a MHADA flat?
Before buying a MHADA flat, always perform thorough due diligence to ensure there are no legal disputes or encumbrances on the property.
An allotment letter is given by MHADA to the first buyer. It proves the flat was allotted in the MHADA lottery. If buying from someone else, check that the letter is authentic, and matches the flat details.
Check the MHADA Possession letter, that confirms that MHADA has handed over the physical possession of the flat to the original owner. Check flat number, address, and owner’s name. If missing, there may be legal issues.
The sale deed is proof of ownership transfer and must be stamped and registered. The conveyance deed is given when the society gets land ownership from MHADA. Make sure both documents are complete and correct.
Ensure all the property taxes have been paid.
You can only buy the MHADA flat after the lock-in period (usually 5 years), before which resale is restricted. If you are buying a resale MHADA flat, you must confirm that the seller has completed the lock-in period. Hope this helps you.
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Hi buddy,
MHADA, the Maharashtra Housing and Development Authority, is in charge of building low- and middle-income group homes throughout the state. Under Pradhan Mantri Aawas Yojna, MHADA has been building inexpensive housing units in the suburbs of Mumbai. The organization is also in charge of redeveloping the city's chawls.
Due to their low prices, the apartments offered through the MHADA programme are warmly accepted. So, yes it is okay to buy a flat from a MHADA tenant but I would suggest you go through the following answer to understand what points should be kept in mind while buying a flat from a MHADA tenant.
MHADA Ownership Transfer Procedure: Are MHADA flats Worth BuyingI am sure this response will be useful to you.
Is it okay to buy flat from MHADA tenant
Munira
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2022-10-31T11:04:22+00:00 2022-10-31T11:04:23+00:00Comment
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