Atul, Navi Mumbai
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Cidco Mortgage NOC post change of bank for Home Loan
Q: I had bought a property in Navi Mumbai in 2014 and had then taken a loan from LICHFL because of which Cidco has issued a Mortgage NOC in the their name. Now i have switched the home loan from LIC to SBI and now SBI is asking Mortgage NOC from CIDCO in the name of SBI? Is this required or is there a procedure in Cidco for such transfer.

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Yes, it is required document. Any property taken on Lease from the Corporation can be mortgaged for the purpose of obtaining assistance from an institution which is on the approved list of CIDCO. A No Objection Certificate is required to be obtained from the Corporation for this purpose. The concerned Asstt. Estate Officers are empowered to issue the NOC on recovery of dues of service charges /Water charges & other dues if any as on date of issue.
what if society has not paid "service charges /Water charges & other dues if any as on date of issue." for couple of month. Is it required society to pay above mentioned bills to get NOC
11th April 2017

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