1)builder would not transfer flat in your name until transfer charges are paid . to obtain bank loan NOC from builder is required

2)it is responsibility of transferor to pay the transfer charges

3)refuse to pay the transfer charges . wait for society to be formed .

4) check whether builder has registered project under RERA . complain against the exorbitant charges demanded by builder

Hello,

As per RERA only the first transfer is free of charge rest investor will have to pay if you are purchasing it from the investor, you can check if the project is registered under RERA and can then make a complaint thereupon.

Regards

Any legal proceedings will take a long period .. If you object it , you have to approach consume forum ..

It depends on the terms and conditions mentioned in the application form or in builder buyer agreement. In maximum cases, first transfer is free and rest is chargeable depending on the resale value of the concerned property.

As per RERA:

In case of not adhering to the rules, the builder stands not only to lose the registration of the project too but may also be punishable by imprisonment for a term which may extend up to three years or with fine which may extend up to a further ten per cent of the estimated cost of the real estate project, or both. Some states have, however, compounded the offence to avoid imprisonment of the developers.

1. Under RERA only the first transfer is free of cost, whereas for the subsequent transfers the cost has to be paid.

2. Tell the builder to show that the project is registered under RERA and then file a complaint.

3. Refuse to pay the transfer charges.