Legal Question in Real Estate Law in India
I stay in a Co-operative Society where the plots are given to us on perpetual lease of 999 years by the society. I need a home loan for constructing my House which has been approved by the bank and disbursal will be after a set of documents one of which is NOC by the Society to bank for mortgage. Can a Society refuse to give such an NOC ? If yes on what grounds and if No, what can a member do if society does not give the NOC
Asked on 8/20/11, 3:14 am
2 Answers from Attorneys
KarVai Legal Solutions
Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in
contact a local lawyer.
Answered on 8/21/11, 11:19 am
Shrichand Nahar
S.V.Nahar, Advocate
Society may issue NoC to mortgage the structure and not the plot.
Answered on 9/11/11, 11:04 pm
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