Tfr of share in under const. shop to close relative without consideration, what documentation requir

This query is : Resolved

Quick Summary

This discussion addresses the documentation needed when transferring a share of an under-construction property to a close relative, specifically a son. The consensus is that a sale deed executed by the builder in both names, along with a joint share certificate from the society, should suffice for establishing co-ownership. A separate gift deed is generally not required in this scenario.

k M Goyal

k M Goyal (Querist)
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15 June 2025 Dear Sir
Builder has provisionally allotted an under construction shop to me and I have paid less than 10% amount of total consideration money.
As per builder's terms and Conditions allotte can transfer in full or in part, the provisionally allotted shop to his close relative without any charges.

Accordingly, I have applied to transfer 50% of share of this allotted shop in favour of my son and builder has transferred the same in favour of my son. And now we are joint allottes of this shop

Sir pls guide, if any further documentation required or not between me and my son under any law? If required, which one.

Sir further after that some payment made to builder by me (i.e. my share and my son share) and builder given joint receipt of the same.

Pls guide, if any further documentation required or not between me and my son under any law? If required, which one.
Regards
K M Goyal.