I bought a flat in Kolkata in 2014 using a home loan. The builder changed the building plan, and now the bank needs a revised final plan. My problem is: 1. The bank approved the loan amount but hasn’t released the whole amount because of some document issues. However, they’re deducting EMI on the full loan amount. What should I do? 2. The agreement says the super built-up area is 900 square feet, including a 20% common area. But when I measured the actual space, the carpet area is only around 500 square feet, and the plan shows 530 square feet.

Apni Law
Apni Law
Law Forum › Category: Property › I bought a flat in Kolkata in 2014 using a home loan. The builder changed the building plan, and now the bank needs a revised final plan.

My problem is:

1. The bank approved the loan amount but hasn’t released the whole amount because of some document issues. However, they’re deducting EMI on the full loan amount. What should I do?

2. The agreement says the super built-up area is 900 square feet, including a 20% common area. But when I measured the actual space, the carpet area is only around 500 square feet, and the plan shows 530 square feet.

Vote Up
152
Vote Down
Apni Law Staff asked 9 months ago

I bought a flat in Kolkata in 2014 using a home loan. The builder changed the building plan, and now the bank needs a revised final plan.

My problem is:

1. The bank approved the loan amount but hasn’t released the whole amount because of some document issues. However, they’re deducting EMI on the full loan amount. What should I do?

2. The agreement says the super built-up area is 900 square feet, including a 20% common area. But when I measured the actual space, the carpet area is only around 500 square feet, and the plan shows 530 square feet.

1 Answers
Vote Up
39
Vote Down

Best Answer

Apni Law Staff answered 9 months ago

Regarding your loan, you should immediately contact the bank and dispute the EMI calculation based on the full loan amount. Regarding the area discrepancy, you should consult a lawyer to understand your legal options under the Real Estate (Regulation and Development) Act, 2016 and seek compensation for the difference in area.

You Might Also Like

My wife has a sister and a brother. After my father-in-law passed away in 2012, we discovered that he had distributed his land unevenly. While my sister-in-law received 10 acres and my brother-in-law received 15 acres, my wife received only 4 acres. My father-in-law kept 7 acres for himself, but he had verbally promised my wife an additional 2 acres from this land. Now, my brother-in-law is refusing to honor this promise, claiming that my father-in-law had debts. We, as a Hindu family, are willing to share the debts proportionally to the land distribution, but we insist on receiving the promised 2 acres.

My mother, who owns the house, wants me, my wife, and our child to leave. She filed a false complaint against us with the Delhi Women Commission, claiming we mistreated her. She did this to favor my married siblings. The Commission has transferred the case to the senior citizen court. What legal options do I have to protect myself and my family?

Being a Hindu widow with only a daughter, I want to ensure my flat goes to her smoothly after I’m gone. I’m worried about legal complications, even with a will. Could I gift her the flat now and have her register it in her name after my passing, without needing anyone else’s approval?

Dear Sir/Madam, I have some land that was inherited but isn’t registered in my name yet. How do I go about getting it registered as a deed in my name? Also, could I get a Power of Attorney in my name to help with the registration process? Please advise me on the next steps.

My father passed away recently, leaving behind ancestral property that was transferred to his name after our grandmother. His sisters are now claiming a share in this property. They are married and settled, but I am unsure about their rights. What should I do?

Share This Article
Previous Article I joined a new company a few months ago and signed a document on an A4 sheet. It mentioned a two-year bond and a Rs. 45,000/- penalty if I left before completing the term. Unfortunately, I had to leave after three months due to health issues. Now, the company is demanding the full penalty amount, threatening legal action if I don’t pay. Is this bond agreement legally valid under Indian labor laws?
Next Article My brother’s wife left home with their son, who is 8 years old, without telling him. They’ve been married for 10 years now. She’s refusing to let him see their son unless he agrees to a separation. He doesn’t want to divorce her, but how can he see his son? What can be done in this situation?

Follow US

Find US on Social Medias
Popular News
- Advertisement -
- Advertisement -
Ad imageAd image

📢 Stay Connected!

Join our community on Telegram and WhatsApp for instant updates, news, and exclusive offers.