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80. No Sale/transfer/assigning of a dwelling unit
to a third party shall be effected by the allottee, his heirs,
successors, executors and administrators without prior permission
in writing of the AWHO. Such permission will be granted on
the following terms unless there are some legal encumbrances:-
(a)The
allottee may be permitted to transfer his dwelling unit
to the same eligible category, as applicable during initial
allotment, prior to the commencement of registration of
the dwelling units (subject to conditions as applicable
in various states). Once registration of the dwelling units
has commenced no transfer will be allowed. (Conditions apply).
(b) The allottee who is serving may be permitted to sell
his dwelling unit after three years from the date of possession
of dwelling unit. However, an allottee who is retired may
be permitted to sell his dwelling unit after one year from
the date of possession or the date of retirement whichever
is later.
(c) In the case of demise of an allottee there would be
no time restrictions imposed on the sale of dwelling unit
by the successor of the deceased allottee.
81.
Whenever a dwelling unit is transferred in any manner whatsoever
with the permission of the AWHO, the transferee shall also
be bound by the covenants and conditions as are applicable
to the original allottee in general and the aforesaid restrictions
on re-sale in particular. The AWHO reserves the right in its
absolute discretion to refuse permission for the sale of a
dwelling unit.
82.
In case of unauthorised sale/transfer/assigning of a dwelling
unit by an allottee to a third party comes to the notice of
the AWHO, the AWHO reserves the right in its absolute discretion
to cancel the allotment of such dwelling unit to the original
allottee and to take over the possession of such a dwelling
unit.
83.
Provided further that in the event of consent being given,
the AWHO may impose such terms and conditions as it thinks
fit, and shall be entitled to charge a transfer fee of Rs.
10,000/- each from the transferor and the transferee or the
amount
as approved by the Executive Committee in addition to what
the principal lessor has a right to recover under the terms
of principal lease entered into between the AWHO and the principal
lessor. In case of mutual exchange of dwelling units, Rs.
1000/- each only will be charged as transfer fee from both
the transferor and transferee
84.
No allottee shall mortgage/pawn the dwelling unit for the
purpose of securing any loan at any stage, except with the
permission of the AWHO in writing.
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