List of the Property Documents to Be Submitted by the Borrowers

THIS IS AN INDICATIVE LIST AND THE USERS ARE ADVISED TO CONSULT LAWYERS BEFORE FINALISING PROPERTY DOCUMENTS TO BE SUBMITTED. FORMATS OF DOCUMENTS ARE SUBJECT TO CHANGES BASED ON REQUIREMENTS; PLEASE ALSO INSERT DETAILS IN THE DRAFTS AS PER FACTUAL POSITION. IN CASE THE PROPERTY IS IN THE POSSESSION / BELONGS TO A PERSON OTHER THAN THE BORROWER, PLEASE READ “BORROWER” AS SUCH THIRD PARTY IN THIS LIST

GOA

List of the property documents to be submitted by the borrowers :

A.Documents from the Builder/Society for approval of a specific project (only copies are required)

Sale Deed / Lease Deed of the builder/society

Development Agreement and Power of Attorney from land owner in favour of the Builder and Sale Deed/Lease Deed in favour of the land owners.

Earlier chain of land documents (if any).

Layout copy/Layout approval.

Approved building plans.

Construction Licence from Municipal Council/Corporation.

Sanad of Conversion/N. A. permission.

Latest Form No. I & XIV/City Survey Certificate/Form B.

Inscription & Description and a No Dues Certificate from the land registrar (if applicable).

Inventory Proceedings/Court Decree (if any).

Latest Nil Encumbrance Certificate.

Order from PDA/SPDA/NPDA only in Municipal Areas for construction. (if applicable).

Latest Title & Search Report from builders/society advocate for the property.

Occupation Certificate (if applicable).

Partnership Deed/MOA/AOA in case of a builder.

Draft Sale Agreement.

Society registration certificate in case of a society.

Bye laws of the Society in case of a society with the List of original members of the society (Borrower’s name to feature in this list).

B.Purchase of flats Directly from a Builder

All documents as mentioned in (A) above.

Original Agreement with the builder duly stamped and registered.

Original money receipt issued by the Sub-Registrar (T - Form).

Original No Objection Certificate from the builder on his letterhead (as per format 1).

Original Letter from builder/architect indicating the latest progress of construction for under construction cases.

Original Undertaking from the borrower (as per format 5).

Original receipts for the payments made (You are required to spend your contribution before IHFC can disburse the loan amount).

Interim Personal Guarantor.

After the Society is formed the Borrower needs to submit the following documents with IHFC :

Photocopy of the Conveyance Deed in favour of the Society.

Photocopy of the Society Registration Certificate.

Photocopy of the list of members of the society (Borrower’s name to feature in this list).

Original Share Certificate.

Original No Objection Certificate from the Society (as per format 2).

C.Flat/Plot Directly in Registered Co-operative Housing Society

All documents as mentioned in (A) above.

Original Allotment letter from society specifying the flat number and cost of the flat allotted.

Original No Objection Certificate from the society on their letterhead for flats (as per format 2) for plots (as per format 3).

Original Share Certificate issued by the society.

Original receipt for the payments made (You are required to spend your contribution before IHFC can disburse the loan amount).

In case of co-opted member we would require the Original Agreement with the society duly stamped and registered.

Original money receipt issued by the Sub-Registrar (T - Form).

Society resolution inducting the borrower as the co-opted member.

D.Flat/House Directly from any Development Authority/Housing Board

Original allotment letter from the Development Authority/Housing Board.

Original No Objection Certificate from the Development Authority/Housing Board (as per their own format).

Original receipts for the payments made (You are required to spend your contribution before IHFC can disburse the loan amount).

Original Undertaking from the Borrower for execution of the Sale Deed (as per format 6).

E.Construction of a house on a separate plot of land

Original stamped and registered Sale Deed/Lease Deed/Partition Deed/Gift Deed/ Settlement Deed for which the plot of land has been acquired.

All previous deeds of title in respect of the plot.

Latest Form No. I & XIV/City Survey Certificate/Form B.

Sanad of Conversion/N.A. permission.

Inscription & Description and No Dues Certificate from the land registrar (if any).

Inventory Proceedings/Court Decree (if any).

Latest Nil Encumbrance Certificate.

Order from PDA/SPDA/NPDA only in Municipal Areas for construction.

Construction License from Municipal Council/Corporation.

Latest Title and Search Report for the property under consideration (The search should have been undertaken within the last six months).

Detailed estimate of the cost of the project.

Approved building & Site plan.

Occupation Certificate.

F.Purchase in resale (In case of a Builder/Society case)

All documents as mentioned in (A) above.

Original Agreement for Sale/Sale Deed with T-Form (Builder to be confirming party, if applicable).

Original No Objection Certificate from the Builder (as per format 7)/Society (as per format 8) on their letterhead.

Original receipts for the payments made (You are required to spend your contribution before IHFC can disburse the loan amount).

Latest Title and Search report showing the flow of ownership along-with the relevant supporting documents for the last 20 years.

Previous Sale Agreements/Deeds.

Share certificate.

Latest Nil Encumbrance Certificate.

Interim Personal Guarantor (if applicable).

G.Purchase of Plots from a Builder/Developer Please note that the same has to be a first sale and only those Builders/Developers as approved by IHFC from time to time.

All documents as mentioned in (A) above.

Original Agreement with the builder duly stamped and registered.

Original money receipt issued by the Sub-Registrar (T - Form).

Original receipts for the payments made (You are required to spend your contribution before IHFC can disburse the loan amount).

Original No Objection Certificate from the builder on his letterhead (as per format 4).

Original Undertaking from the Borrower (as per format 6).

Original Sale Deed duly stamped and registered at the time of last disbursal.

Interim Personal Guarantor till execution of the sale deed.

Borrower’s Site/Plot Plan.

And any other legal document required by ICICI Bank or its approved lawyers in order to certify a clear and marketable title

Format 1

Draft of N.O.C. to be obtained from the Builder on his letter-head (for flats)

Date :

Place :

To,

ICICI Bank Limited (ICICI Bank)

(Address)

Dear Sirs,

Re. :Permission to mortgage flat no...... on the floor of the building proposed to be named as/named as...... situated at ......

1.This is to confirm that we have allotted/sold flat No...... admeasuring ...... sq.ft. (carpet/built-up area) on the ...... floor of the building proposed to be named as/known as ...... situated at ...... Under construction/constructed by us to Mr./Mrs./Ms...... (hereinafter referred to as the borrower) for a total consideration of Rs...... /- (Rupees ...... ) under an Agreement for Sale/Memorandum of Understanding dated ......

2.We confirm that we have obtained necessary permission/approvals/sanction for construction of the said building from all the concerned competent authorities and the construction of the building as well as of the flat are in accordance with the approved plans. We confirm that the said flat as well as the said building and the land appurtenant thereto are not subject to any encumbrance, charge or liability of any kind whatsoever and that the entire property is free and marketable. We have a clear, legal and marketable title to the said property and every part thereof.

3.Mr./Mrs./Ms...... has paid an amount of Rs...... /- (Rupees ...... only) and a sum of Rs...... /- (Rupees ...... ) remains to be paid towards the cost of the said flat.

Mr./Mrs./Ms...... has to pay the total cost of Rs...... /- (Rupees ...... ) of the said flat.

4.Possession of the said flat will be given to Mr./Mrs./Ms...... on or about ...... on payment of the full consideration of the flat.

Possession of the said flat has already been given to Mr./Mrs./Ms......

5.We are aware that the said borrowers has approached ICICI Bank Limited for financial assistance for purchasing/acquiring the said flat and that ICICI Bank Limited has agreed to sanction/grant the loan to the said borrowers to purchase/acquire the above flat and they have agreed to mortgage the said flat in your favour / in favour of ICICI Bank/the security trustee nominated by ICICI Bank as security for the said loan. We hereby confirm that we have no objection to Mr./Mrs./Ms...... mortgaging the said flat to your Company/ICICI Bank/the security trustee nominated by ICICI Bank by way of security for repayment of the said loan.

AND notwithstanding anything to the contrary contained in the said Agreement for sale, we hereby agree to register the aforesaid mortgage charge in our books in respect of the said flat and Mr./Mrs./Ms...... will not be permitted to transfer, assign, sell off, cancel or in any other way/manner deal with the said flat prejudicial to the interest of ICICI Bank/your company/the security trustee nominated by ICICI Bank, without the prior written consent of your Company/the security trustee nominated by you.

6.We agree, confirm and undertake to form a Co-operative Society/Condominium under the Apartment Ownership Act of the premises/flat holders in the aforesaid building within the statutory period. And we agree to inform and give proper notice to the Co-operative Society/Condominium as and when formed, about the said unit/flat being so mortgaged to your Company/ICICI Bank/the security trustee nominated by ICICI Bank.

7.We further agree, confirm and undertake to intimate your Company forthwith upon the formation of the said Co-operative Society, and forward a copy of the conveyance deed forthwith upon the execution of the registered conveyance of the said flat/building in favour of the Co-operative Society.

8.We further agree, confirm and undertake that in the event the formation of the said Co-operative Society is, for any reason whatsoever, delayed beyond a period of one year from the date of final disbursal for the said flat to Mr./Ms...... we shall at the instance of your Company, forthwith execute the deed of conveyance pertaining to the said flat in favour of Mr./Ms...... and forward the same to your Company accordingly.

Yours faithfully,

For ...... (Builders)

Signatures and Stamp of the Builders

Note :

This NOC is to be signed on behalf of the Builders by the same persons who have signed the Agreement for sale in favour of the Purchaser/s (Borrower/s) or any person authorised by the Builders to sign on their behalf.

The NOC should be dated subsequent to the date of the sanction letter.

Format 2

Draft of the N.O.C. from Co-operative Housing Society on Society Letterhead (for flats)

Date :

Place :

To,

ICICI Bank Limited (ICICI Bank)

(Address)

Dear Sirs,

Re. :Flat No...... of Mr./Mrs...... in the building named as ...... of the ...... co-op. Housing Society Ltd. Situated at ......

This is to confirm that our above named society registered under no...... dated ...... is the owner of the above building pursuant to the conveyance dated...... registered under No...... dated ......

The Deed conveying/transferring the land and the said building to our society is not yet executed and it will be done in due course.

Mr./Ms...... is a member of our society and share certificate No...... for shares bearing distinctive nos...... to stand in his/her name and the said flat is possessed by him/her.

The said flat is possessed by Mr./Ms...... (“the said member”)

Mr./Ms...... is a member of our society and the said flat is possessed by Mr./Ms...... (“the said member”). The share certificate has not yet been issued by the society to the said member.

We hereby assure you that the said flat, as well as the said building and the land appurtenant thereto are not subject to any encumbrance, charge or liability of any kind whatsoever and that the entire property is free and marketable.

We further confirm that we have a clear, legal and marketable title to the said property and every part thereof, and that all taxes and dues in respect thereof have been paid upto the date.

We confirm that there are no restrictive/negative convenants in the Bye Laws/Rules of the above mentioned society concerning the transfer of shares/members interest in the society and other related matters.

We are informed by the said Member that ICICI Bank Limited has granted/agreed to grant a loan of Rs...... /- to the said member upon the term and conditions, one of which stipulates creation of security by way of mortgage by deposit of original documents of title pertaining to the said flat in your favour/in favour of ICICI Bank Limited or the security trustee nominated by ICICI Bank Limited. The said member has requested us to permit him/her to create the said security over the said flat and the shares (as and when issued) in favour of your company/in favour of ICICI Bank Limited or the security trustee nominated by ICICI Bank LImited.

We, hereby confirm and agree we have “No Objection” to and permit the said member to create the security in favour of your company/in favour of ICICI Bank Limited or the security trustee nominated by ICICI Bank Limited by way of mortgage of the right title, interest of the said member in the said shares and the said flat with you/ICICI Bank Limited/the security trustee nominated by ICICI Bank Limited, for repayment of the said loan and we hereby agree to note the aforesaid mortgage charge on the said flat in our books.

We also confirm that there are no outstanding dues/charges payable by the said member in respect of the said flat and he/she has paid all the taxes and due in respect of the same upto date.

We undertake not allow the said Member to transfer/further transfer/cancel the said flat or add any name in the share certificate without the prior written permission of your Company/ICICI Bank/the security trustee nominated by ICICI Bank and as soon as the share certificates are issued by the society to the said member, the same will be forwarded directly to the company/ICICI Bank/security trustee nominated by ICICI Bank (if Applicable).

AND we agree to accept, subject to the bye-laws of our society, in future, the application for membership from the person/s, firm, company to whom the said flat and the right, title and interest of the said Member in the said shares will be transferred/sold, on enforcement of the said security.

Yours faithfully,

Authorised Signatories.

(Secretary and/or Chairman/President and Stamp of the Society)

The NOC should be dated subsequent to the date of the sanction letter.

Format 3

Draft of N.O.C. from Co-operative Housing Society on Society Letterhead (for plots)

Date :

Place :

To,

ICICI Bank Limited (ICICI Bank)

Dear Sirs,

Re. :Plot No...... of Mr./Mrs...... in the land (Survey No...... ) situated at ...... belonging to the...... Co-operative Housing Society Ltd...... (Regd. Address).

This is to confirm that our above named society registered under no...... dated ...... is the owner of the above land pursuant to the conveyance dated ...... registered under No...... dated ......

Mr./Ms...... is a member of our society and share certificate No...... for shares bearing distinctive nos...... to ...... stand in his/her name.

The said plot is possessed by Mr./Ms...... (“the said member”)

Mr./Ms...... is a member of our society and the said plot is possessed by Mr./Ms...... (“the said member”). The share certificate has not yet been issued by the society to the said member.

We hereby assure you that the said plot and the land described above are not subject to any encumbrance, charge or liability of any kind whatsoever and that the entire property is free and marketable.

We further confirm that we have a clear, legal and marketable title to the said property and every part thereof, and that all taxes and dues in respect thereof have been paid upto the date.

We are informed by the said Member that ICICI Banks has granted/agreed to grant a loan of Rs...... /- to the said member upon the term and conditions, one of which stipulates creation of security by way of mortgage by deposit of original documents of title pertaining to the said plot in your favour/in favour of ICICI Bank or the security trustee nominated by ICICI Bank. The said member has requested us to permit him/her to create the said security over the said plot and the shares (as and when issued) in favour of your company/in favour of ICICI Bank or the security trustee nominated by ICICI Bank.

We further confirm that ICICI Bank Limited (ICICI Bank) Company Limited is hereby authorised to directly collect the share certificate/allotment letter on behalf of the Member.

We, hereby confirm and agree that we have “No Objection” to and permit the said member to create the security in favour of your company/in favour of ICICI Bank Limited or the security trustee nominated by ICICI Bank Limited by way of mortgage of the right title, interest of the said member in the said shares and the said plot with you/ICICI Bank Limited/the security trustee nominated by ICICI Bank Limited, for repayment of the said loan and we hereby agree to register the aforesaid mortgage charge on the said flat in our books.