i bought a flat in hyderabad after taking loan from SBI. The EMI is 20,000/- and the flat is not yielding any rent,'coz builder did not complete the building and ran away though my flat is complete in all respects. Now, it's getting tough for me to pay EMI. I'm a central govt employee, can i tell SBI to take over my flat and stop the EMI and cancel the loan?
I'm okay with whatever losses i will have so far. please guide me through this. need urgent help.. please