MHADA lottery flats are government-subsidized housing units in India that are allocated through a lottery system. These flats are primarily intended to provide affordable housing to middle and lower-income groups.
Regarding the question of whether you can sell a MHADA lottery flat, the answer depends on several factors and regulations. Generally, there is a lock-in period during which the flat cannot be sold or transferred. This period typically ranges from 5 to 10 years from the date of allotment.
After the lock-in period expires, the owner may be allowed to sell the flat, but usually only to eligible candidates as per MHADA norms. The sale might require prior permission from MHADA authorities, and there could be certain restrictions on the selling price to prevent profiteering.
It\“s important to note that the specific rules and regulations may vary depending on the particular MHADA scheme under which the flat was allotted. Some schemes may have more stringent conditions than others.
Before considering selling a MHADA lottery flat, it is crucial to check the original allotment documents and consult with MHADA officials to understand the exact terms and conditions applicable to your specific case. |
