It’s critical to see if the apartment is backed by a loan. Check the debt status of all loans on the property. Request a “No Dues Certificate” from the applicable bank from the seller to certify that any pending dues have been paid back to the bank. This document guarantees that the bank has received all dues from the seller and that there are no outstanding debts on the apartment, allowing you to purchase it with confidence.
No, a Society No-Objection Certificate (NOC) is not required when purchasing an apartment. The role of a society is to record the transfer of shares from the seller to the buyer. Any attempt by a housing society to prevent the sale of the unit will be illegal and will result in serious legal consequences.
Under the Transfer of Property Act of 1882, the right to acquire or sell a property is a legislative right. The right of the property owner is supreme in this sense. He can sell his flat to anyone without any restrictions.
Press sources say housing societies harass apartment owners on a regular basis. People from specific castes, groups, or faiths are sometimes barred from renting apartments in these cultures. Frequently, signs are posted prohibiting bachelors from renting flats in the society, resulting in substantial harassment to flat-owners and the general public.
Reference: * – – AHG287 – 202100581 – 153 – 179- 202100155-20210000-107