Legal Question in Real Estate Law in India
we have seen property (flat) in navi mumbai under 12.5% scheme. Property is under construction .Try Party agreement, OC , Allotment Letter from Builder is given to bank but now my bank (BOI) is asking NOC from CIDCO . OC and NOC is same or different???
Asked on 11/11/11, 3:43 am
2 Answers from Attorneys
Anil Kumar Sharma
JurisTree
OC - is occupation certificate showing possession, NOC is regarding the mortgaging of the property/hypothecation of the property for obtaining loan from the bank.
Answered on 11/11/11, 4:22 am
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
OC and NOC are two different documents.
Answered on 11/11/11, 5:45 am
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