NOC not needed for properties that became freehold before March 2000
"The additional requirement of NOCs from LDO for freehold privately held properties had stalled several transactions in the most prime locations," said Amit Goyal, CEO, India Sotheby''s International Realty. "This is the time when families living overseas and owning property visit India and this much needed clarity will restart the transactions momentum along with registrations of sale deeds, ATS and GPAs."
NOC not needed for properties that became freehold before March 2000
"The additional requirement of NOCs from LDO for freehold privately held properties had stalled several transactions in the most prime locations," said Amit Goyal, CEO, India Sotheby''s International Realty. "This is the time when families living overseas and owning property visit India and this much needed clarity will restart the transactions momentum along with registrations of sale deeds, ATS and GPAs."