Loan Repayment failure to the Builder
3 years ago
As assured by the builder to pay my pre emi until the possession of the home under the subvention scheme act, as by Rera revoked the subvention scheme, now the builder asked me to pay the heavy emi instead they paying to the bank on my Behalf. As now I did not pay the emi to the bank as long as I get the payment from the builder and also the property is under construction stage. What’s the step ahead do I need to focus upon? What should I be more worries about.?
A.Dear Sir,
You may get issue a legal notice and approach either RERA or Consumer Forum.
You may get issue a legal notice and approach either RERA or Consumer Forum.
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Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hi,
You can approach either the Consumer Court or the Real Estate Regulatory Authority.
You can approach either the Consumer Court or the Real Estate Regulatory Authority.
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A.Hi,
You can approach either the Consumer Court or the Real Estate Regulatory Authority.
You can approach either the Consumer Court or the Real Estate Regulatory Authority.
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Ankur Goel @ Complete Law Shield
Responded 3 years ago
A.That scheme was a way to fool people and you have to admit you are one of them by opting it.
builders sold at more rates showing pre-emi will be paid by them.
The builders adds the interest to be paid by him to the cost of the house because nothing is free.
In fact, in many projects, developers offer separate rates for the same apartment to homebuyers who opt for a subvention scheme and those who don’t.
now you are in fix.
it is better to cancel the flat and take money back.
you can definitely approach rera which already ruled against builders.
Hope this clarifies,
Advocate Ankur Goel (Complete Law Shield)
#YourLifeYourChoice
builders sold at more rates showing pre-emi will be paid by them.
The builders adds the interest to be paid by him to the cost of the house because nothing is free.
In fact, in many projects, developers offer separate rates for the same apartment to homebuyers who opt for a subvention scheme and those who don’t.
now you are in fix.
it is better to cancel the flat and take money back.
you can definitely approach rera which already ruled against builders.
Hope this clarifies,
Advocate Ankur Goel (Complete Law Shield)
#YourLifeYourChoice
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Jagannath S Pawar
Responded 3 years ago
A.Plz contact through Vidhikarya for further details regarding ur Legal query
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sanjay panda
Responded 3 years ago
A.Dear client
Issue notice to builder mentioning your fact and mark a copy to your bank.
If not resolved take help of consumer court.
Issue notice to builder mentioning your fact and mark a copy to your bank.
If not resolved take help of consumer court.
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