Dear Mr.Abhay Gujarathi,
I have perused your query, pertaining to the subject matter being posted on the Forum of Kaanoon.com
Having perused your message therein, I understand that you have been cheated by your Builders, in whose favor the sanctioned loan amount on your account must have been released by your Banker HDFC. Beside the said fact, it is HDFC Bank, who has also erred prior to their sanction of loan meant for the flat, being purchased by you.
Despite all the facts, involved so far; your locus standi lies within the legal ambit of the Consumer Protection Act, 1986 and under provisions of which, you may seek and hope for relief (s) for your grievances.
I would advise you to forward your facts along with copies of all the relevant documents :
[viz. : Hire Purchase Agreement executed between you & your Builders, Loan Sanction letter of HDFC & its disbursement details, Development Agreement executed by land owner(s) in favor of your Builders, Sale Deed in your favor executed jointly by the Builders & their land owner (s), Possession Letter etc.& any other document , which you possess pertaining to the transaction]