transfer of ownership
Maharashtra government’s decision to extend the cut-off date by five years to January 1, 2000, from the earlier January 1, 1995, may help speed up execution of slum re-development projects but the real estate developers are not completely satisfied and want more. CREDAI chairman, Mr. Lalit Kumar Jain says, “To some extent, this scheme will [...] Continue Reading »
In order to transfer ownership to a new buyer, a home buyer in Maharashtra had to do before selling a newly-purchased flat was to obtain a no objection certificate (NOC) from the developer. This process gave an opportunity to the developers to extract a large sum as ‘ transfer fee’ from the clueless buyer lieu of a no objection [...] Continue Reading »
