A Bengaluru housing society has allegedly demanded ₹1 lakh from a resale apartment buyer as a precondition for issuing a no-objection certificate (NOC) required for home loan disbursal. Bengaluru real estate: Can housing societies charge ₹1 lakh for an NOC from resale buyers? (Representational Image) (Pexels ) The issue came to light after a homebuyer […]
`A tightening supply of affordable new homes and shrinking mid-segment apartment sizes have pushed Bengaluru homebuyers toward the secondary market, leading to a 26 per cent surge in resale transactions in 2025. Resale listings rose 19 per cent during the year, driven by a wave of investor exits and strong demand for larger, ready-to-occupy units […]
Bengaluru homebuyers are encountering an unusual challenge in the resale real estate market, where sellers want to remain tenants for 6-12 months even after transferring ownership. While such “sell-and-stay” deals are not unheard of in tight property markets, legal experts warn that such arrangements raise financial, legal, and practical concerns for buyers, who must balance […]