Q:
Wanted to know if the NOC from CIDCO is required for transfer of housing society membership for re-sale flat. The flat is in a building constructed on plot based on tri-party agreement. The price of flat has been fully paid up to the seller, without any loan, and agreement duly registered.
To give a brief history. after the OC from CIDCO, and after Housing society was formed, just when builder in process of providing conveyance, which he eventually did, one fine day a letter from a lawyer was given at the gate. It mentioned that the set of heir's of original plot owner had put up a court case against Builder, CIDCO and another set of hier's. Former set of heir's were claiming that latter set had shared the compensation with them. We, the members of housing society, consulted a lawyer, who told use this is not unusual in this region, we should not worry, as the case has not been filed against us, unless there is direct notice to us.
But now after few 3-4 years, when resale of flat went ahead, now the present Housing society committee are denying to transfer membership to the new owners, after CIDCO has not provide NOC.
So is NOC CIDCO required for resale of flat not built by CIDCO, and when there is no home loan involved ?. And a housing society deny transfer of membership to the new owner with CIDCO NOC ?
Mr. Arun jain...without CIDCO transfer all major banks allow housing loan.....you said in your one of reply that except DHFL no any other bank were give housing loan is absolutely wrong statement.....ICIC, IDBI, AXIS, or all major banks are given loan in such cases......you need to confirm this thing from the mentioned banks first before posting such reply.....peoples are got unnecessarily confused or misguided.......
I am the experience holder who opted loan from IDBI-Belapur branch without any trouble.....based on this experience this is my reply.
I am also not getting loan because of cidco NOC which I can't get because in the absence of Share certificate and conveyance deed.
17th April 2023
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