I’m planning to buy a resale flat under construction in Pune from an investor. The investor has a single agreement with the builder for two flats (301 and 302). I want to buy flat 301, and the other flat is going to another buyer. However, the bank is asking for the original agreement between the investor and the builder to approve my loan. The problem is, the other buyer has already submitted the original copy to SBI bank. What can I do to get my loan approved?

Apni Law
Apni Law
Law Forum › Category: Property › I’m planning to buy a resale flat under construction in Pune from an investor. The investor has a single agreement with the builder for two flats (301 and 302). I want to buy flat 301, and the other flat is going to another buyer. However, the bank is asking for the original agreement between the investor and the builder to approve my loan. The problem is, the other buyer has already submitted the original copy to SBI bank. What can I do to get my loan approved?
Vote Up
181
Vote Down
Apni Law Staff asked 7 months ago

I’m planning to buy a resale flat under construction in Pune from an investor. The investor has a single agreement with the builder for two flats (301 and 302). I want to buy flat 301, and the other flat is going to another buyer. However, the bank is asking for the original agreement between the investor and the builder to approve my loan. The problem is, the other buyer has already submitted the original copy to SBI bank. What can I do to get my loan approved?

1 Answers
Vote Up
42
Vote Down

Best Answer

Apni Law Staff answered 7 months ago

You can request the investor to provide a copy of the original agreement to the bank along with a No Objection Certificate (NOC) stating their consent to the sale of flat 301 to you. Alternatively, you can ask the investor to approach SBI Bank and request them to release the original agreement for a short period to facilitate your loan application process.

You Might Also Like

My niece, whose name is on our family ration card, recently finished her M.Pharmacy. We helped her with the down payment on a flat, but she’s been hesitant to pay us back. Now she’s getting married to her friend, and she’s still not taking responsibility for the debt. She’s earning well now and seems determined to get everything from my father. She’s been spreading negativity about me to my mother, who’s been treating me unfairly because of it. I’m feeling mentally drained and worried about this situation. Is there any legal recourse I can take to get the money spent on her education back?

My father helped his widowed mother purchase land and build a house, contributing around 90% of the cost. He has records of these transactions. The house was registered in his mother’s name. He was the eldest son and took care of the family’s finances while his younger brothers were unemployed. Now, his mother has passed away without leaving a will. Can my father claim the full value of his investment in the property?

Looking to buy a residential plot in Gurgaon, but living in Noida makes it tough to keep an eye on things. I’m planning to build a boundary wall and take a loan for the purchase. Any tips on keeping the plot safe from trespassers, especially while I’m away?

My family owns a flat in a cooperative society, with the ownership listed in two names. Can a third name be added to the ownership? If one owner passes away, can they will their share to their daughter? Does the will need to be registered or go through probate?

My father owned 12 acres of land, and had two sons and four daughters. I live elsewhere and after his passing, my brother registered the entire property in his wife’s name without my knowledge. What can I do to claim my rightful share of my father’s property?

Share This Article
Previous Article I’m a permanent central government employee and recently applied for the Assistant Registrar post at an IIT. I forgot to inform my department beforehand as I was unable to apply through official channels, but I submitted an advance copy to the IIT. Now I’ve been shortlisted for an interview and informed my department, requesting a No Objection Certificate (NOC) to attend. However, they’re refusing, citing lack of prior permission. Are there any rules or precedents that might help me obtain the NOC? My HOD’s approval is crucial, and I’m in urgent need of guidance.
Next Article My son is away and I’ve been handling his finances. A company previously bounced a check, and I’ve written a demand notice. Could you please take a look and give me your approval before I send it?

Follow US

Find US on Social Medias
Popular News
- Advertisement -
- Advertisement -
Ad imageAd image

📢 Stay Connected!

Join our community on Telegram and WhatsApp for instant updates, news, and exclusive offers.