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Resident takes Altamount Road society to court over flat transfer fees

The worst-kept dirty secret of city's housing societies may get a legal solution

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Nishant building at Altamount Rd

Nishant building at Altamount Rd

It took over eight years for the Tulsianis to have their name incorporated into their society share certificate in a plush residential building in Altamount Road, Kemps Corner. The Tulsianis claimed that the society refused to transfer the shares in their name until a sum of Rs 21 lakh was paid towards flat transfer charges (disguised as building repair funds), besides the legal transfer charges of Rs 25,000.

This practice, according to property lawyers, is still rampant in many reputed societies at Nariman Point, Cuffe Parade, Pedder Road, where hefty amounts of money are charged even today at the time of transfer of flats. Nishant Building, a ground-plus-eleven storey building (close to Antilia), is where the Tulsianis own a four BHK flat spread across 3,000 square feet (carpet). They claim it was only after they paid a whopping R21 lakh to Shree Satidham Co-operative Housing society towards repair funds seven months ago, other than legal transfer charges of Rs 25,000, that they got the shares transferred in their name.

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