Noc for a resale flat
1 year ago
I bought a house in resale from an owner.the owner has oc of the flat and also registration is done on his name. I purchased the flat from him, before we could take NOC from the builder the builder went to nclt. Now i want the NOC as i have taken a home loan, how can i get the NOC now?
A.Hello,
The concern of NOC is limited till the date handing over is not done by the builder.
As per RERA and Apartment act the builder is deemed to handover in 2 years from the date of OC. If the flat is being taken over before those 2 years then yes a NOC will be required but if registry is done, then there is no need legally because then you are the sole owner of the property and builder holds no right at all.
The concern of NOC is limited till the date handing over is not done by the builder.
As per RERA and Apartment act the builder is deemed to handover in 2 years from the date of OC. If the flat is being taken over before those 2 years then yes a NOC will be required but if registry is done, then there is no need legally because then you are the sole owner of the property and builder holds no right at all.
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