When a developer avails a loan for a project (Let’s say an apartment complex with multiple apartments), then, as per RBI’s guidelines, each sale can take place only after the lending financial institution/bank issues a NOC specifying it does not have any objection. In case there are multiple lenders, then NOCs are needed from each. So, I suggest you ask for NOCs from your builder. If he does not show that, then it means something is wrong.
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Read more:
How to file complaint against builder in consumer court?
How to file a complaint against illegal construction?
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How to know about default developer?
Manilal m shah
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3 Year
2022-08-29T10:52:54+00:00 2022-08-29T19:47:34+00:00Comment
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