I booked one under construction property in Birati , Kolkata but when I approach SBI for Home Loan,they refuse to give me home loan, since the developer did not obtain BLRO mutation certificate.As per Developer it will take nearly 5 to 6 months to obtatin BLRO mutation certificate & developer agreed to give me BLRO receipt slip instread of blro mutation certificate & according to them receipt slip will be sufficient to approve home loan. But SBI again refused to approve home loan on the basis of BLRO receipt slip.Then again I contracted with developer & then developer assured me to approve his project in SBI within 15 days so that I will get home loan from sbi.
In this situation please suggest me wheather I beleive the developer & wait for 15 days or I wiil claim the refund of my booking money from developer ? Also please suggest me about legal procedure to collect the booking money from developer if they refuse to refund it ?
