Can builders can keep flats in their own projects
Arjun rajput (Student CA IPC / IPCC) (24 Points)
21 December 2015Arjun rajput (Student CA IPC / IPCC) (24 Points)
21 December 2015
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 21 December 2015
yes he can,
usually the builder / developer is an esablishment and not individual so from his establishment he/ she can transfer the flat to his single individual name. by payting stamp duty at market value"", and making registred instument of conveyence in his name.
however to avoid litigations, during registration its better to transfer in name of some close relative residing with you, such as spouse or children.
for market value, the registrar office will show the same.
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