The transfer of SRA (Slum Rehabilitation Authority) flats in Mumbai involves specific rules and procedures. Here’s what you need to know:
Lock-in Period: Beneficiaries of SRA flats cannot purchase or sell the flat for ten years from the date of receiving the possession letter. During this lock-in period, no transfer is allowed.
SRA Transfer Process:
Obtain a No-Objection Certificate (NOC) from the SRA.
Register the sale deed at the Sub-Registrar of Assurances’ office.
Submit the stamped sale deed, application form, and SRA NOC to the SRA.
The SRA issues NOCs for the buyer, seller, and housing society.
Submit the documents to the housing society and pay any applicable transfer fees.
The share certificate is stamped, making the buyer a member of the housing society and the SRA flat owner.
Risk Considerations: While buying an SRA flat can be a profitable housing option, be aware that some units may be illegally occupied. Ensure proper due diligence before proceeding with the transfer.
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Transfer Process of SRA Flat from Mother to Son's name?
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2024-06-25T11:24:02+00:00 2024-06-28T21:27:51+00:00Comment
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