Purchase of flat from builder
Respected sirs ,
I have booked a flat by paying 20% amount in Navi mumbai.Registratiion will be after 7 days.
Builder has taken project loan from India bulls and entire project is under mortage with India bulls
I have gone through blank copy of agreement to sale .There is no clause which mentions about mortgage of project .Builder says that NOC from India bulls will be given after 2 days.Iam also avaiing 60% bank loan from SBI.So please advice
1Is this the routine practice in mumbai of not mentioning mortgage at the time of registration ?
2 Whether NOC from India bulls should be annexed at the time of registration?
3 If builder defaults project loan,can the buyer,property can be attached by India bulls even after full payment and possetion
4 project is now 95% ready and sent for occupancy .60% flats are slid by now
Asked 8 years ago in Property Law
Religion: Hindu