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How to take home loan for selling of under-construction asset? – Property Hotline
Posted
June 22, 2016
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June 22, 2016
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4:27
2:39Now PlayingBe Un Confused
Expert: Uday Wavikar, VP, Consumer Court Bar Association, Maharashtra and Goa
Question: I want to sell my under-construction flat that I bought 3 years back from Prestige. I had taken a home loan for the same. Please tell me the procedure to sell the flat.
Answer: If you have taken a home loan, you will have to clear the home loan, mortgage, and sell the flat.
Also, you can transfer the home loan to the prospective buyer along with the sale deed.
If you have registered agreement for sale then you can sell the flat by executing and registering the agreement for sale to any buyer. Generally, for such transaction NOC from builder is necessary.
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