Select Location

I have bought a resale flat in a project which has got land from MIDC on lease for 95yrs. I have applied for home loan for buying the flat. Builder has already given NOC for resale. Now bank is asking for NOC from MIDC for resale. I have enquired that MI

I have bought a resale flat in a project which has got land from MIDC on lease for 95yrs. I have applied for home loan for buying the flat. Builder has already given NOC for resale. Now bank is asking for NOC from MIDC for resale. I have enquired that MIDC cannot give NOC for flat. My loan is not getting disbursed because of this. Kindly help.
0 likes
1 answers
Property Law
Posted on 4th Aug, 2018
Advocate Gowaal
Answered on 5th Aug, 2018
This is my response to you: 1. Since the project was on midc, therefore the builder can give NOC; 2. But also the property belongs with MIDC therefore a formal NOC is also required; 3. But if the MIDC refuse then ask them to give in writing so that you can give it to the bank; 4. Your seller will have to obtain the NOC from MIDC; 5. Rest suggestions can only be made after verification of your documents.
0 Comments
You need to be logged in to comment

Related questions

can registered will be changed if all the parties are in agreement

Dear Sir, can registered will be changed if all the parties are in agreement after the death of testator? If yes what is best way? The testator have named all of his unmovable properties to only one son of two sons. Now both sons have agreed to share the properties. What is the best way to transfer one house to the the son whose name is not in the will.
0 likes
0 answers
Property Law
Posted on 18th Aug, 2019

Demand of advance 24 months CAM CHARGES BEFORE POSSESSION OF PROPERTY

I had booked office space 2 years back by paying full & final payment for fully furnished office space, means i had no payments pending till possession. now after 2 years i received offer letter of possession from builder saying "your office space is ready in pre finished state, and you are supposed to pay full& final payment and also 2 years cam charges with GST in advance but applicable from date of possession in 25 days ,after that builder will initiate pending work to fully furnish the said office space, When I refused them for 2 years , they told me to pay 1 year charges +GST IN ADVANCE otherwise they will not complete my office space and will levy interest rate on me. More over when I checked my office , even two sides wall is not constructed , no wiring points, no plaster , no false celling, only flooring done Please suggest what can I do?? Should I pay for 1year
0 likes
0 answers
Property Law
Posted on 18th Aug, 2019

Builder telling to sign non RERA agreement

I booked a flat in an under construction project. But the builder is forcing me to sign an agreement which is not as per RERA format. The agreement is self prepared by builder as per his convenience. I refused to sign it and they are not returning my booking amount. I want my money back. As per my knowledge a builder can only make a buyer sign RERA format agreement without imposing his personal conditions.  Please guide. Thanks in advance.
0 likes
0 answers
Property Law
Posted on 18th Aug, 2019
Find the best lawyers/advocates and book legal services.