Read expert-authored blogs by Ravi on PropSoch covering property insights, legal tips, and project reviews. Stay informed and make smarter real estate decisions.
How to Buy a Resale Apartment in an Under-Construction Building When the Seller Has a Loan
Core principle: Nothing final should be paid or registered until (A) the seller’s mortgage/loan is officially cleared or a bank-to-bank arrangement is done, and (B) the builder issues the transfer/allotment NOC (or signs the tripartite assignment). Banks will not disburse without legal & technical clearances.
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Buying a home, especially if it’s your first home, or a place you’ll be living in, is a big deal. It’s likely this will be one of the bigger decisions you take in your life. There’s a lot of literature out there about home buying, but
