liability of builder in cons. of flats in home loans

Querist : Anonymous (Querist) 02 April 2010 This query is : Resolved
Hello sir,

Please guide me on the following.

We have entered into an agreement with a builder and the sales deed of the plot got registered and obtained home loan for the same. To avoid paying pre emi, emi is being paid by us for full loan value even before full loan amount disbursement. Other than the final disbursement, the bank has disbursed the loan. We have paid the balance due amount in cash to the builder without taking any receipt. what hold we have on the builder and the building to get our things done properly?

Thanks in advance
ram

Follow Query

Report Abuse

Raj Kumar Makkad (Expert) 02 April 2010
There might be an agreement between you and the builder. The terms of that executed agreement shall prevail.

Ashok Yadav (Expert) 03 April 2010
As advised by Mr. Makkad agreement between you and builder i.e. builder buyer agreement, terms of that agreement shall prevail. In case of cash payment of amount without reciept, it may increase risk on your side if th ebuilder denies the cash payment, otherwise it will ok.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries