Q:i have purchased a flat directly from builder in a complex where society is already formed. Now society is demanding for transfer charges payment to register myself as a society member. Is it compulsory to pay transfer charges in case if the agreement is directly done with the builder ?
Latest Answer: Right.... sometimes a society is formed to take care of maintenance, repairs, etc. When the service society demands transfer charges from the owner, then it is illegal. The service society has no relevance in matters of ownership of flats and hence cannot charge any transfer fee.
Q:The Union government may consider removing stamp duty on transfer of properties by private individuals and firms to real estate investment trusts that are expected to get listed on stock market beginning April next year.
Latest Answer: DLF has also announced plans to start 2 Reits, with one exclusively for commercial office space by end of this financial year. The company has made public plans to monetise about 30 million sq-ft office and retail space.
