No Objection Certificate (NOC)

What is a No Objection Certificate (NOC) in real estate and why is it important?

A No Objection Certificate (NOC) is a document issued by the local government authorities that certifies that there are no objections to the construction of a building or the transfer of a property. It is important because it ensures that the property is legal and free from any encumbrances or disputes. It also helps in obtaining a home loan or registering the property in the buyer's name. It is advisable to check for the availability of NOC before purchasing a property.