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Need Builder NOC to transfer the loan
21-Aug-2023 (In Property Law)
Hi ,
I am first owner of my property and home loan is going on.
Society formation is under process and it may take 4-5 months.
Now I want to transfer my existing home loan to another bank for that other bank need builder or Society NOC.
Here in my case I need to get Builder NOC as society formation is not done.
When I approached to builder for NOC, he is saying , We can not give more than one NOC , and to give NOC it should be registered in registration office. and asking for money.
So I want to know what is rule or process to get NOC .
If any fees I need to pay to government or builder I will pay , but I need receipt . I dont give any black cash just for Builder NOC.
Can you please help and provide your views on this ?
This is my response to you:
1. The NOC need not be registered;
2. These are formal letters which the builder should comply with;
3. Pay the builder nominal fees and obtain the NOC;
4. If nees be, Consult a local lawyer and take steps .
1. The NOC need not be registered;
2. These are formal letters which the builder should comply with;
3. Pay the builder nominal fees and obtain the NOC;
4. If nees be, Consult a local lawyer and take steps .
Helpful?
26+
26+
Adv. Gowaal Padavi
Mumbai | 500+ Answers
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