Purchase of SRA flat before 7 yrs

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The title can be transferred either through the execution of a sale deed or gift deed. Registration is required for both. Also, Both the seller and the buyer of SRA properties will be prohibited from buying or selling such homes in the future, according to SRA criteria that the state government has accepted. Additionally, the rules specify that any individual or family wishing to purchase an SRA apartment must be a state resident and may not be the owner of a residence located within the boundaries of the Brihanmumbai Municipal Council (BMC). This helps you understand can SRA flats be transferred or not. There is a precise process that must be followed when buying an SRA Flat. According to the Development Control Regulations (DCR) rules and the Maharashtra Slum Area Act of 1971, a flat cannot be purchased or sold for ten years from the date on which possession was granted.

Advocate Dhananjay Ravikant Gangawane LawRato