My neighbouring flat is occupied by the builder and has been staying since the building got constructed - 9 years back. Now he wants to sell the flat which I have proposed to buy. The society demands transfer fee which he denies saying he being the promoter/builder and the buyer as such is not liable to pay transfer fee. The society has been formed 6 years back and he is one of the member of the society. The banker has agreed to processed my Home Loan without NOC from society as the flat is occupied by the builder. Is the Society justified in demanding transfer fee? Pls assist.
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