For loan process buyer is insisting take NOC on his name from my society.

Q: I am selling my flat and buyer is taking loan on my flat and he is saying after That I will give you money and the process of registration is already done with sub register office already he has taken all the original document but now he want NOC from my society and my society is giving NOC but on my name but purchaser is insisting take NOC on his name. Plz give me suggestions what to do.

Shiv Vishwakarma,

3rd April 2017

Legal in Mumbai

noc

how to obtain noc from society?

noc for bank loan

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Replies (1)

Have you transferred the ownership rights to your buyer if not then your society will issue the NOC in your name only. Until and unless you don't transfer the ownership rights to the new buyer, NOC will be issued to your name only. So, try to make him understand about the legal procedure.

Shantanu Kumar, Mumbai

7th April 2017

Comment

Ask your buyer to make an application for issuing of NOC. The Municipal Corporation is bound to consider such application on merit within one month. If society refuses to give NOC then you can approach deputy registrar to direct society to give NOC.

Sunil Kulkarni, Pune

7th April 2017