I have taken home loan of 16,00,000 Rs from LIC HFL. As per advertisement of Board, I had paid entire amount 18,81,000 Rs on time. The price of construction is increased by 60 percent. The price increase was mentioned in the advertisement but not the degree of increase. Owing to increase of construction price irrationally. I asked to return my entire amount. They have returned me amount deducting 5% of total amount. I have cleared the LIC HFL home loan. In overall, I have lost approximately 3.5 Lakh in interest, which was paid to LIC HFL. Now, I want to ask will I recover my loss of 3.5 Lakh from MP Housing Board. Because 1. I had paid amount for the construction of house and Land cost of that time which is increased after my withdrawal. 2. The MP Housing Board is not abiding by the directive of High Court of MP stating 10% increase may be implemented per year. Judgement given in the writ petition No. HIGH COURT OF MADHYA PRADESH PRINCIPAL SEAT AT JABALPUR W.A. No.1550/2013.
I WANT TO KNOW. HOW CAN I RECOVER MY LOSS FROM MP Housing Board of MP?
