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Property mortgaged

(Querist) 26 July 2014 This query is : Resolved 
One of the property is situated at mumbai area, the land is belong to the Mahda, and structure is belong to the individual, all necessary formalities was done, such as registration of property, electrical meter transferred, society transferred, approved plan copy, NOC from Maha.

This above mentioned property, can we Mortgaged in to the bank?
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ajay sethi (Expert) 26 July 2014
individual can mortgage his flat to bank
Devajyoti Barman (Expert) 26 July 2014
yes, it can be mortgaged,
ADV-JEEVAN PATIL, MUMBAI (Expert) 27 July 2014
Yes but bank may ask MHADA,s NOC in mumbai
Rajendra K Goyal (Expert) 27 July 2014
Agree with the experts.
Raj Kumar Makkad (Expert) 28 July 2014
NOC from MHADA is mandatory in the given case.
V R SHROFF (Expert) 28 July 2014
YOU CAN MORTGAGE
Apply to Bank, u will know if bank insists on Mhada NOC
Guest (Expert) 28 July 2014
Agree with experts.

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