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About Gruha Realty Gruha Realty is a professional real estate advisory firm built on transparency, clarity, and client-first principles. We simplify complex property transactions, including Assignment Sales, by coordinating seamlessly with builders, banks, legal teams, buyers, and sellers. What is an Assignment Sale? An Assignment Sale occurs when the original buyer (Assignor) transfers their rights in an under-construction or unregistered property to a new buyer (Assignee) before registration. The new buyer completes the transaction directly with the builder and becomes the first registered owner. This legally recognized process involves three parties: Builder, Assignor, and Assignee, ensuring transparency and structured documentation. Key Advantages • Buyer becomes the first registered owner. • Lower stamp duty since registration happens at guidance value. • Seller avoids stamp duty by transferring rights before registration. • Builder involvement ensures due diligence and reduced risk. • Often more cost-effective than conventional resale. Important Considerations • Transfer fee (approx. 2%–4% + GST) payable to builder. • Seller must clear all outstanding dues before assignment. • Builder consent is mandatory. • If seller has a loan, NOC from bank is required. • Future construction charges become buyer’s responsibility. Step-by-Step Process 1. Legal verification of all documents. 2. Signing of Memorandum of Understanding (MoU). 3. Home loan processing (if applicable). 4. Payment of transfer fee and submission to builder. 5. Execution of Assignment Agreement. 6. Issuance of Endorsement Certificate by Builder. 7. Final registration directly in buyer’s name. Typical Timeline (Approximate) • Legal Review – 5 working days • MoU Finalization – 5 working days • Loan Processing – 30 days (can run parallel) • Assignment Execution – 30 days • Total Estimated Time – 45 to 60 days Why Choose Gruha Realty? We bring structured processes, risk mitigation, and complete transparency to Assignment transactions. Our team ensures smooth coordination among all stakeholders, making even complex transactions seamless and stress-free. At Gruha Realty, we empower you with knowledge so you can make confident, well-informed property decisions. Contact Us Gruha Realty Sri Raghavendra Nilaya, #3, First Main, Opp. Konankunte Cross Police Station, New Bank Colony, Konankunte, Bangalore - 560062 Phone: 9113237675 Email: sales@gruharealty.in Website: www.gruharealty.in