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KAUSHIK KUMAR BENJAMIN (FINANCE OFFICER)     23 December 2022

new house 🏡 purchased

i have purchased new house with bank loan. it was booked in 2019 with indiabull bank. now bank and builder has problem so bank is not paying last installment to builder.. bank said you contact your builder to clear our issue.

second issue is we want to transfer bank loan to HDFC every thing is clear but builder is not proving TPT and PTM.

kindly advice on this issues


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 1 Replies

Nirlipta Mishra   26 December 2022

It sounds like you are facing some issues with the purchase of your new house. Here are some suggestions for how you can address these issues:

1. Issue with the bank not paying the last installment to the builder: In this case, you should try to communicate with both the bank and the builder to understand the reasons for the delay in payment and to see if a resolution can be reached. You can try to negotiate a resolution between the two parties or seek legal advice if necessary.

2. Issue with transferring the bank loan to HDFC: If you want to transfer your bank loan to HDFC, you will need to provide certain documents to the new bank, including the Title and Possession Letter (TPT) and the Possession and Maintenance (PTM) letter from the builder. If the builder is not providing these documents, you may need to seek legal assistance to obtain them. You should also check with the new bank to see if they have any specific requirements for transferring the loan.

In general, it is important to keep clear and detailed records of all communications and transactions related to the purchase of your new house. This will help you to understand the status of the purchase and to take appropriate action if any issues arise.

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