Abhishek Jain (SSE) 11 May 2010
I am buying a resale flat (already constructed) in noida. I am taking a bank loan for the same from SBI. The bank has asked me to get a "permission to mortgage" from the noida authority.
My question is, will the authority issue me such a permission even if the flat is not yet registered in my name? OR will the authority issue this after i get the flat registered in my name (in which case i can give this document to the bank only after the registry) ?
Can someone guide me in this regard.
Raj Kumar Makkad (Adv P & H High Court Chandigarh) 11 May 2010
If falt is not registered in your name but is allotted then also authority can permit you to mortgage and this shall be sufficient for bank to move ahead in your loan matter.
bhagwat patil (Property due diligence 9422773303) 12 May 2010
Its a tripaty agreement as a result permission of noida autharity is needed. It is merely pemission to create a motrgage.
Yogesh (Dy Mgr) 14 September 2010
i too have reqd permission to mortgage from NOIDA for getting the lHBA loan from my company .How to get it from NOIDA
Y V Vishweshwar Rao (Advocate ) 05 October 2010
The Authority while issuing Letter of allotment , give consent to the banks to proceed on the basis of the Letter of Allotment and to process the Loan and on payment of the sale price the Authority will Register the Sale deed in the name of the Borrower and with authorization to Bank to take delivery of the Sale Deed from SRO as Nominee of the Borrower . The same is the procedure adopted by APHB in Self Finance Scheme Houses
Vikash Kumar 05 January 2023
How to apply for permission to Mortgage from UPEVP ??
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