yes sir i do understand the reason for implementation but dont appriciate the manner of applying the rule. the said loan detail is already available in Credit reports and linked to aadhar, pan etc than why not integrate such info rather than making a whole new process which is hard for a common man to do. a simple declaration can be made to sign at the time of disbursement which can enable details to be shared with sub registrar.
there is no material on this topic any where. banks provide info by post which in most cases reach after 30 days. 99% of people i know who has taken a home loan have no clue of such requirement. i can understand 1 2 3 4 ppl being lazy or ignorant but how can so many ppl be unaware. the popular sites like lawyerclubindia, caclubindia, indiankanoon has next to no topic on the subject.
all this just shows how poorly implemented is this entrie rule which actually has a good intension.