Hello,
I bought a property in Bangalore in 2009 and took loan from one of the Public sector banks. Now I want to sell the property and approached the same bank along with the buyer. The legal report was fine but the valuer report is negative. I got to know from the Bank that there is no sanction plan for the floor that I live and hence the valuer has marked it negative. What can I do now? I just got to know about this fact now the builder never informed me when I bought this property. I'm wondering how did the bank approve the loan for the first time and if they did then they should also clear it now. The legal opinion states that even if there is no sacntion plan the property is assesssed and regularised since I have a valid A Khata and taxes paid up to date. I spoke to the lawyer and they said there is no problem with the property.
Any advice what i should do now?
Thanks,
