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Discussions related to Real Estate matters, Real Estate laws, loans, financial queries

Transfer of name of Apartment under construction

Postby NRI-UK » Tue Aug 07, 2012 2:38 am

Hi All,

I have got a question regarding transfer of name on my RPS 3BR flat under SAVANA project.
I would like to transfer the property to my mom's name, I had bought the property under joint name of me and my mom, but now i want to transfer to my mom solely. I contacted RPS, and they have asked me to return all the payment slips, fill in an affidavit on Rs. 10 stamp paper that i have sold the property to my mom etc, but i find that fishy as i will still be the financier just the name needs to be transferred. Since the property is yet not given to us, any idea whether RPS is telling the truth? I am only concerned as my mom is here in UK for now and so i will like to get all this done here before she goes.
Just worried that RPS is causing un-necessary problems.

Please let me know what is the right procedure and do u think RPS is being sensible or correct by asking the above?

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Re: Transfer of name

Postby angsuman » Tue Aug 07, 2012 12:24 pm

If BBA(Builder buyer agreement) done then what RPS saying that is right but if not done then they are creating problem. I thing BBA signing is already done. Again if you have taken home loan for the same then you have to close the loan and you have to take a fresh loan.
Angsuman Roy
SRS Pearl Independent Floor
Sector-87, Faridabad
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