CIDCO NOC
Querist :
Anonymous
(Querist) 20 February 2011
This query is : Resolved
Good day to all experts,
I need a small help,
I purchased one property in Navi Mumbai.Following are the detials.
1)The plot is a Tender Plot,with agreement to lease between CIDCO and builder with stamp duty paid.
2)All apartment/Flat owners formed a CHS in 2005-2006 ,but due to lack of follow up they never execute a Lease agreement between CIDCO,BUilder and CHS.
But now since i purchased one of the apartment my Home Lender(SBI)is asking for a NOC from CIDCO for loan ,but CIDCO is saying since conveyance is not on CHS's name they cannot issue a NOC,they are asking for conveyance first.Though CHS submitted everything to CIDCO for Conveyance.
Please how to get out of this Deadlock as fast as possible.
Though various Lawyers claim that being a tender plot CIDCO NOC is not required,but bank is firm on there decesion.
Please HElp.
THanks a Lot.
Querist :
Anonymous
(Querist) 20 February 2011
It will be helpful if experts can advise something so that I will proceed further.
