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Home / Legal / Documentation / My Property is Under MBRR Under MHADA. How can I get a MHADA NOC to Mortgage my Flat to a Bank?
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My Property is Under MBRR Under MHADA. How can I get a MHADA NOC to Mortgage my Flat to a Bank?

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1 2024-03-10T11:03:08+00:00
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To obtain a No Objection Certificate (NOC) from MHADA (Maharashtra Housing and Area Development Authority) for mortgaging your flat to a bank, follow these steps:

  1. Check Eligibility:

    • Ensure that the lock-in period for your MHADA flat has ended. Typically, there is a

      10-year lock-in period

      during which the flat cannot be sold or transferred except in cases of death or divorce of the original allottee.

    • Verify that you meet all other eligibility criteria for obtaining an NOC.

  2. Visit the E-Mitra MHADA Portal:

    • MHADA provides an online platform called

      E-Mitra

      where you can access various forms and brochures related to public queries.

    • Visit the E-Mitra MHADA website to find relevant forms and information.

  3. Form 4: No Objection Certificate for Mortgage:

    • Download

      Form 4

      , which is specifically used for obtaining an NOC for mortgage purposes.

    • Fill out the form with accurate details about your flat, ownership, and the bank to which you intend to mortgage the property.

  4. Submit the Application:

    • Submit the completed Form 4 along with any other required documents to the MHADA office.

    • Documents typically required include:

      • Copy of the original allotment letter
      • Possession letter
      • Identity proof
      • Address proof

      • Any other documents specified by MHADA.

  5. Processing and Approval:

    • MHADA will review your application and verify the details.

    • Once approved, they will issue the NOC, allowing you to proceed with the mortgage process.

  6. Consult with Your Bank:

    • Inform your bank about the NOC from MHADA.

    • The bank will guide you through the mortgage process, including documentation and registration.

Need help with property registration and document verification? Contact NoBroker Legal experts to get end to end assistance here

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