Yes, registration is necessary under the provisions of this Act. Under Section 41(1) of the Maharashtra Ownership Flats ( Regulation of promotion of construction, sale, management and transfer) Act, 1963, it is laid down that notwithstanding the provisions of any other laws, the agreement in respect of flats to be sold by the owner/promoter/developer to the flat purchaser requires compulsorily to be registered under the Registration Act.
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