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Builder NOC for Resale Flat

The document is a notification to AXIS Bank regarding the sale of a flat, including details about the buyer, seller, and the mortgage situation. It confirms the transfer of shares and the intention to register AXIS Bank's charge on the property once the existing mortgage is released. The sender also commits to not objecting to any future sale by AXIS Bank due to loan default or other reasons.

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98 views1 page

Builder NOC for Resale Flat

The document is a notification to AXIS Bank regarding the sale of a flat, including details about the buyer, seller, and the mortgage situation. It confirms the transfer of shares and the intention to register AXIS Bank's charge on the property once the existing mortgage is released. The sender also commits to not objecting to any future sale by AXIS Bank due to loan default or other reasons.

Uploaded by

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

To,

AXIS Bank Ltd.,

Dear Sir,

This is to inform that I/We have sold flat No. on floor in the building
know
as situated at
to Mr./Mrs.
for a total consideration of Rs.
_(Rupees only) under Agreement for
Sale dated _. The carpet area of the said flat No. is [Link].

We confirm that we shall admit (transferee) as a member of the society and


shall
transfer the shares bearing no. standing in the name of (transferor) to the
name of (transferee), in the next meeting.

We are aware that (transferee) has approached you for a loan for purchase of the
aforesaid flat from (transferer).

We are aware that (transferor) was financed a housing loan by


(finance company) with respect to the said flat and a mortgage was
created in favour of (finance company).

We are further aware that (finance company) shall release the mortgage
with respect to the said flat upon (transferor) repaying the entire loan granted
to him by the (finance company).
We confirm that once (finance company) releases the mortgage in
respect of the said flat which was marked in favour of (finance company)
we shall note the same in our records and register the AXIS Bank’s charge in respect of the said
flat
against the loan granted to (transferee). We will not permit
(transferee) to transfer, assign, sell off or in any other way deal with the
said flat prejudicial to the interest of the Bank without the prior written consent of the Bank.

Further in the event AXIS Bank Ltd. will sell the said flat to any person/s (either due to default
of payment of the loan or for any other reasons as Bank deems fit). I/we will not object to such person/s
as bonafide purchaser/s of the said flat
I/We hereby undertake to duly register in the Co-operative Housing Society books the aforesaid charges
as and when the Co-operative Housing Society is formed.

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