SAGAR 21 June 2023
Hello, I am sagar. purchasing a new flat from the builder, (Taking bank loan, Building construction complete in 2012 and Society formed). Now i want to know is it necessary to received NOC from the society? I discussed with the builder and secretary regarding to the dues , they told me there is no due on the flat.
But there is no written confirmation from the society...
My question is-
Society NOC required, or they create problem in the future.
T. Kalaiselvan, Advocate (Advocate) 21 June 2023
You can proceed with the purchase after obtaining a legal opinion from a local lawyer who will take care of all such issues and would recommend if everything is alright.
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 22 June 2023
No Objection Certificate (NOC) is not required from the society for sale of one's flat. Model Bye Law 38 (d) provides that NOC of the society is not required to transfer the shares and interest of the transferor to the transferee
P. Venu (Advocate) 22 June 2023
Any suggestion depends upon the bye-law of the Society and the law under which the Society is registered. Any how, it is the obligation of the seller to execute and register and execute the conveyance deed.
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