We booked a flat and paid a Rs. 20,000 booking amount. We just paid 10% of the flat value using a pre-approved loan offer from DHFL. They told us they had already approved the project, but now say it will be done by May. Our offer letter gives us 30 days to submit documents for loan disbursement. The builder hasn’t gotten their project approved yet. What should we do?

Apni Law
Apni Law
Law Forum › Category: Consumer Court › We booked a flat and paid a Rs. 20,000 booking amount. We just paid 10% of the flat value using a pre-approved loan offer from DHFL. They told us they had already approved the project, but now say it will be done by May. Our offer letter gives us 30 days to submit documents for loan disbursement. The builder hasn’t gotten their project approved yet. What should we do?
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Apni Law Staff asked 10 months ago

We booked a flat and paid a Rs. 20,000 booking amount. We just paid 10% of the flat value using a pre-approved loan offer from DHFL. They told us they had already approved the project, but now say it will be done by May. Our offer letter gives us 30 days to submit documents for loan disbursement. The builder hasn’t gotten their project approved yet. What should we do?

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Best Answer

Apni Law Staff answered 10 months ago

You should immediately contact the builder and DHFL, expressing your concerns about the project approval delay and the approaching deadline for loan document submission. Seek clarity on the revised timeline for project approval and loan disbursement, and consider seeking legal advice if necessary to protect your interests.

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