RE:Feel cheated by HDFC and Buiilder by Raja on Dec 3, 2007 13:40 Its true that stopping the EMI will wake the bank up and you should not be paying for an asset which is not legally yours.
Most Builders do not want to care and the banks are callous in their attitude when they approve a builder or project for loan eligibility without verifying the authenticity of all.
In the process, builder gets his money, banks will repossess the flat and take back their money but the ultimate sufferer is the buying person who has become a sucker having lost time in buying a place of his wishes at his affordable cost.
