Cheating by housing finance

Querist : Anonymous (Querist) 29 August 2018 This query is : Resolved
Sir i am only 20year old.. Due to lack of experience... I bought a ground floor flat by my own mony..i have taken loan of 7 lakh from Supreme housing finance. I was very happy that i got good deal bt later i got to know that ground floor is unauthorized in this colony.. There is 0 resale value of my flat... Now please help me can i take ligal action against bank? as they have done proper legal, technical, valuation proses then why they didn't rejected my loan, i was thinking that if bank is giving the loan thats mean property is ok... I am really very tensed now plzz help..plz guide me. 7982615005

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P. Venu (Expert) 30 August 2018
How is it that the ground floor is unauthorized? Is your purchase of the property covered by a conveyance deed, duly executed?

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