Real Estate Forum on No Objection Certificate

Latest Answer: I WILL NEVER RECOMMEND ANYONE TO BUY FLAT IN ACE PLATINUM EVEN IN ANY ACE GROUP SOCIETY. I purchased flat in ACE Platinum in 2018. Sales guy Mayank Tomar (posted at ACE platinum site) was dealing the sale along with Mamata. At the time of booking he promised the builder will put net on every 6th floor gallery open area, camera will be on each floor gallery. But after taking booking amount and loan disbursement from bank he started to deny everything. He also said that I will get parking at ground floor, they allotted parking in basement. The allotted parking now becomes a nightmare for me. And they are not ready to change allotted the parking to another place. I never recommend anyone to buy flat in this society event do not buy flat from ACE group. They all are big cheaters. Please do not deal flat purchase in ACE Platinum, and with ACE group, they are cheaters, they are making false promise and do not deal with Mayank Tomar, Mamata. These guys will give your the worst flat.

Latest Answer: As Ajit has mentioned, land owners will have to seek the permission of the municipal body for their non-agricultural plans. Once the municipal corporation or municipal council gives the go-ahead, the owner just needs to intimate the collector in 30 days. No permission from the collector is required. Revenue officials will then recover a one-time land conversion tax and a non-agriculture cess. This process will apply to those who are direct owners of the land. For those who have leased land from the government, the collector's permission is still required, though the conversion procedure has been made simpler for them as well

Latest Answer: It's big relief for the builder as well as for the flat owners who always stuck with their heavy amount in a project. Builders will now have to submit files online, a copy of which will go to departments concerned, and they have to issue NOCs within 7 days. Builders will be informed about it through an SMS or email.

Latest Answer: Hi everybody, I appreciate the initiatives but at the same time i would like to say that there are many more issues with the approval process such as numbers of approvals and number of officers a builder has to go to for procuring permissions, BMC's software which is full of junk and civic officials are trying to force them to use it etc. This needs to simplified.

Latest Answer: Members of the Confederation of Real Estate Developers Associations of India (CREDAI) Hubballi-Dharwad, Belagavi and Kalaburagi chapters on Tuesday joined their counterparts across the nation in registering their protest against the authorities in retaliation to the suicide of noted real estate developer from Thane Suraj Parmar.

Latest Answer: @Himani, Then it is also necessary that BMC should fixed a deadline for each department to decide on the issuance of NOC.

Latest Answer: Hi Sandeep, Apart from that, there are an easy way to verify that the project has clean paperwork or not. Just ask for loan approval documents. If it has loan approvals from financial institutions. Banks have strict lending rules and do their necessary due diligence before clearing loan. If possible get professional help who specialize in property transactions and get all document verified.

Latest Answer: You are right Sujan, According to a Colliers India report, in Mumbai the average project delay is anywhere between 1-2 yrs. The presence of multiple regulations/regulators in the MMR region has led to delay in approvals and delivery of real estate. ccording to World Bank’s Doing Business 2015 report, India was ranked 142nd among 189 countries in the ease of doing business survey.

Latest Answer: Can anyone please give a link to this new bill or draft where I can refer to ?

Latest Answer: Hi Abhishek, I personally feel do not invest in this project as is near to a slum area and the construction quality is also not good.