Buying resale flat in cooperative housing society in west be
PROBAL KUNDU
(Querist) 29 May 2018
This query is : Resolved
I am joint owner with my father of a flat in a cooperative housing society of west bengal housing development board housing complex. The flat is small and We wish to buy another in the same premises. Is it possible to buy it in my name? Other wise if it is bought in my wife's name I shall not be eligible for home loan. What is the alternative. Can I give power of attorney to my mother for the existing flat.
With Regards
Probal Kundu
Ms.Usha Kapoor
(Expert) 30 May 2018
You cant own two housing society flats in a cooperating Housing Society. The 3rd option seems to be better alternative. You can give a POA to your Mother for existing flat. Then you can buy an0ther flat in your name.
P. Venu
(Expert) 30 May 2018
There cannot be any general law that a person cannot own more than one flat. Of course, it is known whether the Housing Board has laid down any such norms. Please verify.
