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umesh kushwaha   26 February 2025

Builder asking to submit buyers copy of tpt after closing bank loan

I had purchased the flat in gurgoan in 2020. I closed the loan before the possession. Now possession will be provided by builder in next month. I surprised builder asking to submit buyers copy of tpt. What is the reason behind this. What if I will not submit the buyers TPT copy. 

Builder also charged the interest over single day delay in loan disbursement. They are providing the handover flat with 1.5year delay. I asked them to wave-off the interest but they refused and they are not giving any money for delayed possession.  What all document required to file the case in RERA.



 2 Replies

T. Kalaiselvan, Advocate (Advocate)     26 February 2025

What is TPT copy?

Are you referring to third-party transfer from bank account?

Whatever, if there is a delay by bank to disburse the home loan to the builder then the builder is well within his rights to charge interest for the delayed payment.

If the builder delays handing possession then you go through the conditions of the sale agreement about the penalty clause for this delay and demand penalty from builder by issuing  a legal notice and followed by a complaint before consumer redressal commission.

umesh kushwaha   26 February 2025

Yes, Tripartite Agreement (TPT) and PTM (Permission to Mortgage). Why does the builder need a buyer's copy? What should I do? 


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