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KC (MNC)     27 September 2011

Noc for sale

I bought a society flat in Delhi recently on bank loan. All the formalities are complete and I will be moving in to the new property soon.

During the loan process, the bank did not need "NOC to sale". It only asked for no-dues certificate and other documents, based on which loan was processed and subsequently the sale was registered.

However, I have mixed understanding from different forums about the need for a "NOC to Sale" from Society as a document to be kept with buyer for any future use. The Society says that since the sale is registered, and it had given its no-dues already, there is no need for any such document.

Please help me understand if I definitely need to have this "NOC to Sale" document with me. Can there be any issues in future if I do not have this? 

Regards,

KC



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