hello,
we were to purchase a resale flat the deal was final on sum of ruppes 33 lacs but the seller had loan on the flat and he asked us an advance payment of 5 lacs to nil that amount so that registration is possible.So accordingly we made a contract mentioning that the sum of 5 lacs is an advanced payment for the purchase of flat and also mention that the seller will pay this to the loan company and will hence will be in a deal to sell the flat.
but now when the loan is clear he got his property papers and is refraining from selling his flat and also demanded 2 lacs more if we want to purchase the flat.This he is doing may be somebody else want to purchase the flat for more amount.but now we feel that we are cheated as we were only used to pay the loan so that he gets his property papers and then do the deal with somebody else.
In between the property rates also increased so can we also ask for the compensation for the losses as we did not go for the purchase of another flat.
so now please help me how i can deal with this matter can we have a cheating case against him and also the monetory losses we had due to this deal as we also took some private loan on higher amount of interest rate and is he liable to pay for the psycological trauma we are facing due to this deal and also what is this specific performance.
Thank You
expecting reply soon .
