Unapproved Flat in Bangalore
Hello Sir,
Recently I have bought a Flat(1380 superbuiltup area) in 5th floor(Basement+G+4) of an apartment in whitefield, Bangalore around 3 months back. The Builder said that everything is approved except there is a deviation of 10%. So, I have applied a loan in SBI and got the loan sanctioned for which I am paying EMIs as well. Got the flat registered on my name as well.
But,
1) now I got to know recently that the entire fifth floor in the Apartment is unapproved
2) checked with BBMP and they said only G+3 is approved
3) It seems like the Builder forged the documents to have the Fifth floor included
4) Already few owners of land(who have few apartments as share) raised a petition in BBMP to demolish the 5th floor
My questions:
1) I am not sure why SBI has approved the loan
2) Is there a way to pay penalty for the individual flat to avoid demolition? If so how much would be penalties?`
3) Would there be any issue from Bank of cancelling the loan? would there be any legal issues for me?
4) should I ask Builder regarding the Forgery?
5) What should be my next steps now on this?
Asked 7 years ago in Property Law
Religion: Hindu
