Scribd
Upload
517 views1 page

Build New Noc Lic

This letter from a builder to an area manager at LIC Housing Finance Ltd confirms the sale of a flat to a buyer and requests no objection to the buyer mortgaging the flat. It provides details of the sale agreement and registration. It also assures that construction was approved and permits were obtained, and that the builder will not encumber the property without permission during the loan period.

Uploaded by

NILIMA KULKARNI
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
517 views1 page

Build New Noc Lic

This letter from a builder to an area manager at LIC Housing Finance Ltd confirms the sale of a flat to a buyer and requests no objection to the buyer mortgaging the flat. It provides details of the sale agreement and registration. It also assures that construction was approved and permits were obtained, and that the builder will not encumber the property without permission during the loan period.

Uploaded by

NILIMA KULKARNI
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

DRAFT LETTER TO BE OBTAINED FROM THE BUILDER ON HIS LETTERHEAD

To
The Area Manager
LIC Housing Finance Ltd
Pune

Dear Sir / Madam Date : _________

1. We confirm that we have sold / agreed to sell Flat no._________________________


in the building known as _________________________________________________
at ____________________________________________________________________
to ______________________________________________ for a total consideration of
Rs _______________ under agreement dated _________ a copy of which is enclosed.

2. The above Agreement has been lodged / ordered for registration under No.________
Of 20____ on ________ with the Sub – Registrar of Assurances at ______________
We have admitted execution of the said Agreement at the Sub – Registrar’s Office
on ____________. I / We undertake to admit execution of the said Agreement at the
Sub – Registrar’s Office within the stipulated time limit.

3. We further sate as follows: -

1. We have obtained necessary permissions/ approvals / sanctions for construction


of the said building from the concerned competent authority.
2. The construction of the building and of the Flat / Row House / Bungalow is
carried out in accordance with the approved plans.
3. We have no objection to the above buyer’s mortgaging the said flat to you as
Security for a loan of Rs._____________________ agreed to be obtained by
Mr / Mrs ______________________________ for the purpose of purchasing
the said flat.
4. We shall get the property in question conveyed to the Co-operative Housing
Society after its registration.
5. We also shall give proper notice to the Co-operative Housing Society, about
the mortgage of the said flat in favor of LIC Housing Finance Limited.
6. We have not created any charge / encumbrance of whatsoever nature in
relation to the land / building / flat in question till date.
7. We shall not allow any transfer, sale, exchange and / or alteration of flat
without your permission during the pendency of loan.
8. We undertake not to create any charge or encumbrance on the project land and /
or superstructure constructed / being constructed thereon.
9. Flat not allotted to landowner.

Yours Faithfully

Authorized Signature/s

You might also like