I am planning to buy an apartment built in 2008 from the first owner .The society has been formed.Sale deed is clear.
Society is ready to give NOC./All papaers are clean./
When i hv approached a nationalised bank for housing loan ,they are asking for NOC from builder,saying that it is reqd as conveyance deed is not ready ./Builder says the society has been formed and why should he give the NOC./
1).Is it technically right for bank to demand NOC from builder ./
2.)and if so how to get it done from the builder?
3)what is a conveyance deed ?(i understand that the apartment is built on a cidco tender plot)
Pl reply at the earliest ,as i am searching solution for quite sometime and noone is giving me a specific reply.
thanks and regards,
anand.