Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Anand (Developer)     25 April 2015

Deposit of title deeds

Hello sir,

I bought a home from a builder and recently verified the EC 

I noticed that after all UDS registration ,builder has got the loan on same land i am not sure because it says like

Deposit of Title Deeds

If loan is repayable on

demand

7500000

BY THE BANK

Land is given to all flat owners right.

Please guide me on this

 

Thanks



Learning

 3 Replies

bsrao   26 April 2015

It means there exists a mortgage on the land. And your title becomes defective to that extent. The builder cheated you all. Face him with the facts and make him clear the loan amount immediately.

B S Rao

Anand (Developer)     28 April 2015

Thanks for the repsonse.

I am understand your reply.But Bank registered after the around 60% Flat owner UDS registration

So it means Bank also cheated.

 

How could a bank will register without checking EC?

Thanks

Anand (Developer)     28 April 2015

And he clears the loan  getting NOC from BANK 

that should also to be registered  

Am I right?


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register