I brought an under construction flat in Bangalore for which I have applied a loan in PSU Bank's Mumbai branch. Now bank is asking me to register the equitable mortgage deed done by bank with me (in a Bangalore register's office) as per present rule for mumbai properties. Now my question is that if the same rule is applicable for Bangalore properties as in mumbai properties.
Point to be noted, as per Bangalore norms, property is still not registered in my name and will be registered only after completion. This is unlike in Mumbai where as soon as sale agreement is done, property gets registered.
Please help urgently.
