can we sell cidco lottery flat
CIDCO lottery flats are government-subsidized housing units in India that are allocated through a lottery system. These flats are part of affordable housing schemes aimed at providing homes to middle and lower-income groups in Maharashtra, particularly in Navi Mumbai and surrounding areas.The process of selling a CIDCO lottery flat involves specific regulations and procedures. Owners must first obtain a No Objection Certificate （NOC） from CIDCO and ensure all dues are cleared. The property can only be sold after the lock-in period specified in the allotment terms, which is typically 5-10 years from the date of possession.
Potential sellers should verify their eligibility to sell, complete all necessary documentation, and register the sale with the appropriate authorities. It\“s recommended to consult with legal experts familiar with CIDCO regulations to ensure a smooth and compliant transaction process.
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