Buying a resale prop in Navi Mumbai with CIDCO Transfer pending

Dear Sir, I am planning to buy a resale 2BHK flat in Navi Mumbai area. I see two problems with the property for which I sought your opiinion: 1) As per the owner, the society was formed around 2 years back (the building is 7 years old) but the society is still to issue Share Certificate to members. Could you please tell me what can be the reasons for not issuing share certificates and whether I can get a home loan without share certificate. The broker says that the society will issue a letter on its letterhead stating that the society is still to issue share certificate to its members and this will be accepted by the bank. 2) The CIDCO transfer of all the flats is also pending. Would I face issues in getting home loan because as per my knowledge the bank asks for CIDCO NOC and CIDCO transfer related documents. Also if I buy the flat and in future whenever the CIDCO transfer happens, do I have to pay double transfer charges to CIDCO as the previous owner has not paid for the transfer.