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Amit (cio)     30 May 2015

Sale of gifted immovable property with in 1 year

I have received a Immovable Property in Mumbai from my Mother by way of Gift Deed. The Gift Deed has been registered. Share certificate name has been changed in Society to my name. Now my query is

1. Can i Sell this Gifted Property with in 1 year of transfer in society. As Society donot permit selling or transfering property for 1 year after it has transfered any property.

 

My intention is  to Sell the property with in  1 year. Am i allowed to do it or i have to wait for 1 year.



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