Hi ,
We have shortlisted a Flat in Horamavu Bangalore. The flat is being built on a part of a big plot
which was formerly a agricultural land and then converted for residential purpose. This land was
purchased by a person X in 1975 and a partition was gifted to one of his sons Y using a gift deed.
Person Y has entered into a joint development agreement with a builder and given him GPA.
My problem is i have managed to get a loan from a Nationalised bank, however their legal rep
has advised that Person Y`s family members have to give a NOC saying that they do not have
any objections for executing sale deed against my name. However the builder is trying to avoid
this saying that the land owner has already given a GPA and other banks have not asked for this.
Please advise if this is necessary ?
