Property related guidance required
I have property in Jaipur, Rajasthan. The construction is not yet finished, I purchased this property in year 2013. Now i am really frustrated with them, they have stopped construction completely, giving multiple reasons. I have loan and I am paying Interest every month from my pocket.
Now I am thinking to stop paying Interest to them, let them come back to me with reason. I will ask them to Seize the flat and you can resale it. I dont have money to pay. I dont want to pay money to bank.
Please tell me if this is good option and is it possible reason. I dont want my money to be wasted for paying to them. Guidance is required before stop the Interest. Please help.
Asked 5 years ago in Property Law
Religion: Hindu
I have property in Jaipur, Rajasthan. The construction is not yet finished, I purchased this property in year 2013. Now i am really frustrated with them, they have stopped construction completely, giving multiple reasons. I have loan and I am paying Interest every month from my pocket.Now I am thinking to stop paying Interest to them,let them come back to me with reason. I will ask them to Seize the flat and you can resale it. I dont have money to pay. I dont want to pay money to bank. Please tell me if this is good option and is it possible reason.I dont want my money to be wasted for paying to them.Guidance is required before stop the Interest. Please help.
I already discussed with builder multiple times, sent legal notice also but no answer, they also dont know when work will start. let them sell the property, i just want myself free from this loan. 5 years is long time, I know in next 5 years also very less chance for any growth in construction.Let them sell my property, I already in loss and next 5 years this amount will be dubble.my problem is property in Jaipur and I am working in Bangalore. I can't go every time in Jaipur and fight with lawyer or builder or bank, also i cant believe any lawyer, they also will take more money. I just dont want to keep paying to bank unnecessarily. So I just wanted to stop this Interest, let them sell property,I know they have full right, let them do this, let them sell my property. Once I stopped the Interest let them come back to me after few months, I will tell them, seize the property,I dont have money thats it.I know i have right to claim my money but i dont have proper source of it, i cant just trust any lawyer easily in other city where I dont know anyone. they only told because of GST and note bank made it worse and they dont know when it will be start again. may be next 5 year, 10 or 15 years. Its no use of me, I just wanted to save my money which is I am unnecessary paying to bank so that I can save money.
Asked 5 years ago
I will try to fill consumer complain. someone please provide me link or official page to fill consumer complain for this issue. legal notice is already sent to them but no reply.
Asked 5 years ago
This is problem, I am working in Bangalore and property is in Jaipur, Rajasthan. do I need to keep visit at Jaipur for this same or it can be done from Bangalore also. I wanted to file a complain to return money with Interest whatever i spent in last 5 years as Interest.
Asked 5 years ago