Legal Question in Real Estate Law in India

I have taken a flat from one builder and loan was processed by LICHFL after paying EMI for 24 months we got to know that builder taken loan from other syndicate bank as a collatral security my flat is also in that list(complete block) we got to know this about recently after issue a notice by syndicate bank in Paper. we are sandwiched between builder, syndicate bank and LICHFL? LICHFL is telling that builder is not disclosed this information earlier, what should we do now to retain my flat


Asked on 6/15/12, 7:36 am

2 Answers from Attorneys
KAMAL GROVER

If registry is in your name then builder has no right to give your properly on lease.

So you can file criminal complaint against him for taking loan on your property.

Good luck.

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Answered on 6/15/12, 8:25 pm
Shrichand Nahar S.V.Nahar, Advocate

Take suitable legal recourse to protect your interests.

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Answered on 7/19/12, 1:36 am


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