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Real Estate Forum on Buying property for DB Orchid Woods in Goregaon East, Mumbai

Real Estate Property Discussion Forum and Guide to Real Estate Queries for DB Orchid Woods in Goregaon East, Mumbai

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Latest Answer: Hi Jerome, In deed you need to check the specific clauses in your agreement with the builder in respect to 20/80 scheme as sometimes there are restrictions in selling the property during the 20/80 term. Generally, you are free to make a sale to a new buyer who in turn will be independently assessed for his credit worthiness by the financial institution. As regards to tax liability in case of a sale, you will be subject to the applicable tax laws and will have to pay taxes as applicable. I suggest that you take advice of a tax consultant for this.
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