Legal Question in Real Estate Law in India
How legal is allotment letter given by builder for a transfer of property. Provided that it neither on stamp paper nor on letter head of builder.
I have purchaged a flat for 23.7 L. Allotment letter signed on 5/10/12 stating that full amount shall be paid by me on or before 25/10/12. I applied for a 15 L loan from SBI with the help of this letter, which was senctioned on 1/11/12 and cheque given on 10/11/12. Now the builder asking for 24% interest for 15 L for 14 days.
3 Answers from Attorneys
you may approach the consumer forum against the builder.
Check terms of allotment letter and act accordingly, if you want to rely upon it.
You have remedies under the Criminal, consumer and CCI( Competition Commission of India) for redressal of your problems. Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.
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