Clarification regarding resale of under construction flat to builder/third party

Q: Hi , I have booked an under construction flat in Pune and have recently got the registration done too.
I have already paid 60 % of the flat cost and yet to avail bank loan.
As Iam not satisfied with the quality of construction , I wish to come out of this transaction.
Please offer your considered opinion as to
1) Whether I can resell the flat to the builder , If so am I entitled to the present market rate,which is higher than the booking rate.
2) Whether you suggest me to make the full payment and sell the flat to a third party after I take posession of the flat.
Thanks!!

Sacheen Raichur, Pune

26th April 2013

Legal in Pune

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Sacheen, i have been hearing these days that sales are not good even for leading developers. So what u have thought of seems to be a bad idea currently. The value for resale may not be great too. why dont u try to sell it after one or two years, may be once the values rise..

Rohit Marathi, Pune

26th April 2013

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Only some builders entertain buying back flats from buyers, but some of them do not return the booking amount.. some builders tell u that they will return but for long time u will have to run behind them.. so be careful before doing anything.

Siddharth Rana, Pune

26th April 2013

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