KRIS, Bangalore
Q: Hi Guys, I came to know that SDIL is not allowing sellers to sell their apartments, did anyone else have this issue.

My replies to this discussion
No Idea, but I believe that they making the process of resale very difficult indirectly pushing the sellers not to sell. They are asking the sellers to pay off the full bank loan, if availed and get a NOC and NDC – No seller will have the money to pay of the full bank loan, this itself will act as a deterrent for many sellers. They are also asking the seller to give written statement that he/she is not making a profit in this resale. If they keep such policies, most sellers may not be able to re-sell their properties. No Idea, but I believe that they making the process of resale very difficult indirectly pushing the sellers not to sell. They are asking the sellers to pay off the full bank loan, if availed and get a NOC and NDC – No seller will have the money to pay of the full bank loan, this itself will act as a deterrent for many sellers. They are also asking the seller to give written statement that he/she is not making a profit in this resale. If they keep such policies, most sellers may not be able to re-sell their properties.
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