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When Can I Sell My Property?

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When Can I Sell My Property?

Last updated: July 21 2010
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  • When Can I Sell My Property?

    I have few questions ,As so many investors are here and so possibley They could answer my queries.I have invested in- one under construction property,so just want to know if I want to sell it ,can I sell it any time before/after possession?

    from some people I heard that after possession I should have to wait until atleast 3 years ,is it so?

    please post your reply so I can get the exact terms and process regarding it.

    Thanks
    Last edited July 20 2010, 01:37 PM.
  • #2

    #2

    Re : When Can I Sell My Property?

    You can sell it when you want. If u sell before 3 yrs post possession have been completed you will have to pay short term capital gains tax on it.

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    • #3

      #3

      Re : When Can I Sell My Property?

      Can I ask?

      Can I ask
      Is this the Dosti Vihar flat in thane?
      Why are you selling it?

      Originally posted by sarikag View Post
      I have few questions ,As so many investors are here and so possibley They could answer my queries.I have invested in- one under construction property,so just want to know if I want to sell it ,can I sell it any time before/after possession?

      from some people I heard that after possession I should have to wait until atleast 3 years ,is it so?

      please post your reply so I can get the exact terms and process regarding it.

      Thanks

      Comment

      • #4

        #4

        Re : When Can I Sell My Property?

        Originally posted by catchnitin View Post
        Can I ask
        Is this the Dosti Vihar flat in thane?
        Why are you selling it?

        I didn't see sarikag mentioning anywhere Dosti Vihar? Where did you get that?

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        • #5

          #5

          Re : When Can I Sell My Property?

          No, Its not about dosti Vihar property,I am asking in general as I dont have an idea.post this thread here coz ,rather than asking to the people here and there, I thought - I Can get the exact and absolute idea here(as so many well knowldged guys are here to guide us) !

          Comment

          • #6

            #6

            Re : When Can I Sell My Property?

            U can sell ur flat whenever u want, however apart from the tax implication the other factor is that the builder generally keeps a fat margin to transfer flat in third party's name, else you can wait for society formation to sell, where transfer fees are nominal. In the latter scenario naturally you have to wait until after possession.

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