Nitin, Apartment Resident
Q: i have applied for bank loan.bank is asking for the NOC from the builder.builder is not ready with the NOC.????????? what is the problem.......

My replies to this discussion
Hi Vivek, Even i am after the representative as i have to apply for a loan. I have time and again kept calling the representative for good 6 months now but the response is, it is still awaited from authorities. In a way it is good as well as bad. Good, because he is not starting the project without necessary permissions, i am currently staying in a building with no permissions and i do not want to tell what a heck of life it is. Bad, because everyone of us have stalled in atleast 30% of the amount with the builder and not sure when now the project will be completed. We should afterwards ask for compensation for delay which are over and above the agreement terms, after we are going to get the possession.Hi Vivek, Even i am after the representative as i have to apply for a loan. I have time and again kept calling the representative for good 6 months now but the response is, it is still awaited from authorities. In a way it is good as well as bad. Good, because he is not starting the project without necessary permissions, i am currently staying in a building with no permissions and i do not want to tell what a heck of life it is. Bad, because everyone of us have stalled in atleast 30% of the amount with the builder and not sure when now the project will be completed. We should afterwards ask for compensation for delay which are over and above the agreement terms, after we are going to get the possession.
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