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Selling of flat from under construction housing sociery?

Dear Sir
I have one query related to property,
I have book one flat at particular residential project through builder,
Also I have made registered agreement with builder by purchasing required gov. stamp duties and registered it in gov. registration office.
The said property is in under construction in I have made payment to the Builder as per schedule according to construction stage. Presently the construction is about 85% over.
Now the my problem is that, I want sell the said flat for that I want no objection certificate from builder. For that he is asking Rs.1,00,000/- as society transformation charges.
But I have not taken possession and also society is not form (as it after possession process)

Now,
1) shall I sell said flat without NOC
2) Is the builder鈥檚 demand is valid
Please give me the suitable solution. Suggest me the suitable law.

No, to both the Questions !
Details, can not posted @ this place as the same is likely to be against Yahoo community!

^^
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