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Does buyer need to pay for NOC while buying resale apartment
24-Jun-2023 (In Property Law)
Does buyer need to pay for NOC while buying resale apartment ?
1. Yes, NOC is required when you are buying the resale apartment. Generally it is given by the owner of the flat. If a Society is formed, they can charge you anything from 15-25K. It is generally rule for NOC. NOC can also be granted by the society.
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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Dear client,
There is no rule under any co-operative society law to pay for receiving NOC for buying resale apartment unless any dues of Vendor are pending in lieu of the said Apartment situated in that society. It is the duty of the society to issue NOC to the Vendor for sale of the apartment and accept purchaser as member of the society. Kindly contact your lawyer for further clarity in the matter.
There is no rule under any co-operative society law to pay for receiving NOC for buying resale apartment unless any dues of Vendor are pending in lieu of the said Apartment situated in that society. It is the duty of the society to issue NOC to the Vendor for sale of the apartment and accept purchaser as member of the society. Kindly contact your lawyer for further clarity in the matter.
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Adv. Kalindi Nilesh Rughani
Mumbai | 25+ Answers
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