Legal Question in Real Estate Law in India

Hello Team,
I have bought a site(30X40 sq.ft) in Bangalore from a popular developer in the Jul, 2006 which is BDA NOC. However, in the late 2007, another party has occupied the site claiming its his and even they gone to an extent of constructing a compound wall. Note, its not me alone who landed into this problem, there are about 15 people whose (30X40 sq.ft.) sites which is there in one stretch has been occupied. On checking with the developer who sold the site, he claims that he will get it in a couple of weeks. And this I have been hearing from past 1yr 3 months.
On top, I have bought the site using bank loan. I am confused as how I should handle this problem. What are the actions that I can take? Can I stop payment to the bank? What action would the bank take?
Thanks,
Sunil Kumar

Asked on 1/31/10, 12:21 am

RAJIV GUPTA (Cell: +91 9811284735) [email protected]

0 users found helpful

0 attorneys agreed

you can file us suit for possession and it is better if you join hands with other sufferers.

Answered on 1/31/10, 11:22 pm

Keywords

Match Any Match All

Country

State

Area of Law