622+ Lawyers are online 
Bank asking for NOC from MIDC for loan
04-Aug-2023 (In Property Law)
I have bought a resale flat in a project which has got land from MIDC on lease for 95yrs. I have applied for home loan for buying the flat. Builder has already given NOC for resale. Now bank is asking for NOC from MIDC for resale. I have enquired that MIDC cannot give NOC for flat. My loan is not getting disbursed because of this. Kindly help.
As per your query
You have brought release flat in project which has land got from MIDC. You applied for lone and bank asking you NOC from MIDC in this situation you can make representations in writing to MIDC if not replyed you can file writ potion in High Court for direction to issue NOC.
For More detail you can contact me.
Thank you
Helpful?
39+
39+
This is my response to you:
1. Ask the MIDC to issue you the NOC since the land in question is on lease;
2. If they still refuse then ask the bank's legal head speak to MIDC legal head;
3. If it still does not get resolved then send a legal notice to MIDC and ask them to comply with the requirements;
4. You can also take help of local lawyer and make him or her speak to the authorities on your behalf.
Helpful?
38+
38+
Adv. Gowaal Padavi
Mumbai | 1000+ Answers
CONTACT NOW
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Property lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
