Sale Agreement vs Sale Deed
I wish to purchase a flat which is currently under cosntruction. I submitted housing loan documents to my organization with the following pattern:
Sale agreement = Rs x
Sale deed = Rs x1
Supplementary agreement = Rs x2
Construction agreement = Rs x3
where x = x1+x2+x3
The loan department rejected this pattern and asked me to submit only sale deed for Rs x and informed they wont consider supplementary and construction agreement. I informed since this is a house under construction, sale deed cannot be equal to sale agreement. They havent agreed.
My queries are
1) Is the pattern being asked by loan department logical since this property is under construction
2) Are there any legal, financial implications if I submit sale deed for Rs x
Thanks and Regards,
Asked 7 years ago in Property Law
Religion: Other