Comment on Housing society’s NOC not essential to sell or buy flat by Asha.

Hello, Can you please help me understand the concept of NOC from society? I am selling my flat in pune maharashtra and the buyer’s bank is asking NOC from society. What is my duty in this regard, what this NOC means? no objection for selling the flat ? why would society have objection on selling flat of my ownership? could you please explain and if I will have to bear any expenses in getting NOC?

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