Sra flat query

Viren u know maxim " buyer be aware".

For SRA flart purchase u need to be very cautious.

To take loan from any bank is not the issue.

Making case payment u will be in trouble more .

If u like my suggesation then give THANK on my progfile.

Mr.Viren,

It is advisable do not proceed without obtaining the NOC from SRA towards transfer of flat from earlier owner to new purchaser. This NOC should be granted by paying premium to SRA. In Mumbai, implementation of policy for transfer of SRA tenements has not been commenced yet. The documents entered into with Purchasers shall not be registered by the SUb-Registrar under any provisions of the Registration Act. It is surpising to note that, how the Banks are financing to the SRA flats since documents upon which finance is to be availed are only Notarised and lacks legal sanctity. Under SRA Scheme/Rule, the tenements are handed over to the Original Allottee by way of lottery so the original allottee do not possess the title deed/documents of said SRA tenements.

For more details kindly contact me on 9930647734.

Adv.Kishor Hajare

Dear Adv.Kishor Hajare,

I am planning to buy a flat from SRA which has completed more than 10 years and he is the first owner, i am looking a bank loan but don't know how to get the NOC and where also help me is there are complication on buying SRA which has completed more than 10 year,

This property is located in Mumbai - Mulund 

Kindly advice

Regards

Bala