I have purchased a new flat (in Seawoods Navi Mumbai), which is a resale case. The building was completed in 2008 (on a 50:50 land), however, it is still managed by the builder.
Though the builder has filed papers to form a society, however, the process is still on and is taking time. CIDCO rejected the case because the documents were incomplete. Builder needs to get a death certificate of some village owner and then get an affidavit to file the society papers again.
In this case, to complete the transaction and applying for the loan disbursement (from SBI) Can I go for the NOC from the builder (there will not be a society NOC and share certificates then)? Or do you recommend me to wait for the society formation (i have alreday waited for 16 days) before moving ahead?
O
