I am staying in China now a days and the HDFC cleared the property. and they also chareged the Legal fees now listen to the facts 1 The HDFC ahs give loan and started all the deductions 2 I have the possesion 3 I have the possesion but the builder is not registering the hous on my name I feel cheated i call him many times he always gives me another date Now after investigations i have discovered that the building is yet to be transfered on the Builders name I have paid to Builder I am paying to HDFC i feel cheated from both what are options available to me
RE:Feel cheated by HDFC and Buiilder
by Girish Rao on Nov 25, 2007 09:11 AM Permalink
very little option. Before buying the property did you make legal verification of the property. Is it a reputed builder ?
RE:Feel cheated by HDFC and Buiilder
by prashant pisal on Dec 23, 2007 09:30 PM Permalink
Dear Friend, Pls approach to the "District Consumer Dispute Redressal Forum" in the area where you have purchased house. If any further help is require pls contact me at the following address.
RE:Feel cheated by HDFC and Buiilder
by manish chopra on Nov 25, 2007 09:37 AM Permalink
Thanks Mr Rao the property waS verified and eared by HDFC and then only did they handed over the Amount they have taken the Legal fees for the same
RE:RE:Feel cheated by HDFC and Buiilder
by Girish Rao on Nov 25, 2007 09:48 AM Permalink
private sector banks do not make proper verification. You should have verified it with some other lawyer. I too have faced this problem earlier. Banks approval does not mean anything. Real Estate industry is unregulated in India.
RE:Feel cheated by HDFC and Buiilder
by Nagesh on Nov 25, 2007 01:20 PM Permalink
Clearly HDFC did not do a proper verification of the asset before sanctioning the loan. Stop the EMI. HDFC will be forced to take the possession of the flat and auction the property to recover its money.
RE:Feel cheated by HDFC and Buiilder
by on Dec 03, 2007 04:13 PM Permalink
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.
