The Assistant General Manager
State Bank of India
Retail Assets & Small Enterprises Credit Centre
Naupada Thane
We,M/s ---------------------------------------------------------------------------------
(Builders /Society)
hereby certify that:
1. Flat/House No-------------------------in--------------------------(Name of the Building, If
any) situated at/to be constructed at--------------------------------------------------------------
of ----------------------(ward)------------------------------- bearing survey No-------------------
has been allotted to Shri/Smt/Kum.--------------------------------------------------------------
2. That the total cost of the house/flat is Rs-------------------------------------------------
(Ruees----------------------------------------------------------------only)
3.That to title to the said land and the building there on is clear,marketable and free from
all encumbrances and doubts.
4. We confirm that we have no objection whatsoever to Shri/Smt-----------------------------
--------------------------------------mortgaging the flat/house to State Bank of India as
security for the amount advanced by the Bank.
5.We have not borrowed from any financial institution for purchase of land or
construction of building and have not created and will not create any encumbrances on
the flat/house allotted to him/her/them during the currency of the loan sanctioned/to be
sanctioned by the Bank to him/her/them.
6. We hereby state and confirm that the building plan sanctioned under commencement
certificate No.--------------- dated----------------- shall not be altered/changed without the
prior written consent of the flat purchaser.
We further stake and undertake to record the charge of the bank on the said flat in our
register and further agree to inform and give proper notice to the Co-operative Housing
Society or an Association of Apartment Owners and when formed, about the said flat
being so mortgaged to your bank.
Signature of Authorised office bearers of the Society with stamp
OR Builders Signature with stamp
To
The Assistant General Manager
State Bank of India
RACPC/RASMECC
Mumbai/Thane
Madam/Dear Sir,
I/We,----------------------------------------------------------(Name of the builder/certify that
1. I/We have transferable rights to the property described below, which has been allotted
by me/us to Shri/Smt.-----------------------------------------(name of the borrowers) herein
after referred to as” the Purchases”, subject to the due and proper performance and
compliances of all the terms and conditions of the Allotment Letter/Sale agreement
dated------------------------(herein after referred to as the “Sale document”)
Description of the property:
Flat No/House No.
Building No/Name
Plot No
Street No./Name
Locality Name
Area Name
City Name
Pin Code
2. That the total consideration for this transaction is Rs.-----------------------(Rs. in words)
towards sale document and Rs.--------------------------(Rs. ) towards
---------------------------------(name any other agreement, if any)
3. The title of the property described above is clear, marketable and free from all
encumbrances and doubts.
4. I/We confirm that I/We confirm that I/ we have no objection whatsoever to the said
purchases at their own costs,charges, risks and consequences mortgaging the said
property to STATE BANK OF INDIA (herein after referred to as “the Bank”) as security
for the amount compliances of all the terms and conditions of the sale document by the
said purchasers.
5.We have borrowed from--------------------------(name of the financial institution) whose
NOC for this transaction is encosed herewith/We have not borrowed from any financial
institution for the purchase/development of the property and have not created and will not
create any encumbrances on the property allotted to the said purchasers during the
currency of the loan sanctioned/to be sanctioned by the Bank to them subject to the due
and proper performance and compliances of all the terms and conditions of the sale
document by the said purchases.
6.After creation of proper charge/mortgage and after receipt of the copies there of and
after receipt of proper nomination in favour of the Bank, from the said purchasers,we are
agreeable to accept State Bank of India as a nominee of the above named purchaser for
the property described above and once the nomination favouring the has been registered
and advice sent to the Bank of having done so, I/we note not to change the same without
the written NOC of the Bank.
7. After creation of charge/mortgage and after receipt of the copies thereof and after
receipt of the proper nomination in favour of the bank, from the above named purchaser,
I/We, undertake to inform the society about the Bank’s charge on the said flat as and
when the society is formed.
8.Please note that the payment for this transaction should be made by crossed
cheque/Transfer of funds fabouring “------------------------------------------------------------
(Name),---------------------------(Bank Name)------------------------------ Branch, Account
No.--------------------------------------------
9. In case of cancellation of the sale-agreement for any reason, I/We shall refund the
amount by crossed cheque favouring the Bank A/C “------------------------------(name of
the purchaser)”, and forward the same to you directly.
10. The signatory to this letter draws authority to sign this undertaking on behalf of the
company/firm vide---------------------------(description of document of delegation of
authority to the signatory.)
Yours Faithfully,
Authority Signatory,
Name-
Designation-
Place-
Date-
