Navi Mumbai | 19 Aug, 2021 (1 year, 7 months ago)

Property Law


One reputed Panvel builder has sold the flat with sale agreement dated 6th Feb 2014. Flat allotment done in the year 2010a nd owner took loan from LICF to serve the flat EMI and taken possession In Oct 2018 and repaid the LIC loan in 2020 and taken the no due certificate. While resaling the said flat to another owner, it came to notice that land has already been mortgaged to BOI from Aug 2013 along with the to be built flats. Society has 200 flats and sale-purchase happening now also with loans from LIC and other banks. BOI has also served several notice to the building. Builders have no money, gone to jail. Just wanted to know if I should buy this resale property? What will be the legal stand? Can bank attach the said flat?
19 Aug, 2021 | 22:19

No. You have appropriate remedy for that, but i cannot discuss them here. For any further assistance, feel free to contact me on my e-mail ""

Shubham Pabbi & Associates


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