Join us on Facebook
Become a GFWA member

Site Announcements

Invitation to RPS SAVANA Allottees to join Case in NCDRC against RPS Infrastructures Ltd


Have you submitted a rating and reviewed your project?
Rate & Review your project now! Submit your project and review.
Read Reviews! Share your feedback!


** Enhanced EDC Stayed by High Court **

Forum email notifications...Please read !
Carpool from Greater Faridabad to Noida
Carpool from Greater Faridabad to GGN


Advertise with us

Demand Letter From Piyush

Like and Share the story
Discuss about project Piyush Heights, Sector 89, Faridabad.

Demand Letter From Piyush

Postby Rajesh5 » Tue Mar 05, 2013 9:37 pm

Hi Dheeraj Ji

Want an advice, I have received 18th Installment demand ( 2nd last ) from Piyush on completion of Flooring in my Flat, tower "M".
In view of the current situation, Financing company is not making any disbursement against my loan, but as per the terms of the agreement I am liable to Pay to the builder.

Please advice, If I should make the payment to avoid late payment charge and also forfeiture of my flat.

Thanks
User avatar
Rajesh5
GFWA Member
GFWA Member
 
Posts: 7
Joined: Thu Feb 14, 2013 6:32 pm

Re: Demand Letter From Piyush

Postby dheerajjain » Tue Mar 05, 2013 10:24 pm

Yes, you should go ahead with payment.
User avatar
dheerajjain
GFWA Member
GFWA Member
 
Posts: 2010
Images: 0
Joined: Mon Mar 15, 2010 4:55 pm
Location: Delhi

Re: Demand Letter From Piyush

Postby Rajesh5 » Wed Mar 06, 2013 9:08 pm

Thanks for your advice...DheerajJi.
User avatar
Rajesh5
GFWA Member
GFWA Member
 
Posts: 7
Joined: Thu Feb 14, 2013 6:32 pm

Re: Demand Letter From Piyush

Postby naveenarichwal » Thu Mar 07, 2013 3:54 pm

Which is this financing company that has refused to give payment on demand of piyush, and was giving home loan previously?
User avatar
naveenarichwal
GFWA Member
GFWA Member
 
Posts: 1102
Joined: Mon May 23, 2011 8:44 pm

Re: Demand Letter From Piyush

Postby anojjain » Fri Mar 08, 2013 2:13 pm

dheerajjain wrote:Yes, you should go ahead with payment.



My opinion - In loan cases there is a three party agreement between Builder / buyer / Bank. If you got the possession. Your flat papers will be in the custody of bank.

At the same time your agreement with bank is based on the the time when they are financing the property and they can not refuse till the order of court.

Take in writing that bank will not pay your installment.... Even you can show that papers to Piyush that because of their delay and repo , bank not paid the installment and you can get the rebate on the interest part. Refusal from bank to give installment is a legal document...

Wish you good luck...
User avatar
anojjain
Junior Member
Junior Member
 
Posts: 11
Joined: Mon Jan 07, 2013 10:18 am

Re: Demand Letter From Piyush

Postby dheerajjain » Fri Mar 08, 2013 3:05 pm

I agree with Anoj valauble comments. Also, please tell name of Bank which refused to pay loan installment.
User avatar
dheerajjain
GFWA Member
GFWA Member
 
Posts: 2010
Images: 0
Joined: Mon Mar 15, 2010 4:55 pm
Location: Delhi

Re: Demand Letter From Piyush

Postby anuj020676 » Fri Mar 08, 2013 5:52 pm

Dear Rajesh, Please take up your matter top level officer of the financing company. I dont find any logical reason which they can mention in writing for refusing builder's demand for the next loan instalment disbursement. Third Party Agreement normaly does not cover any such condition for the loan borrower.
User avatar
anuj020676
GFWA Member
GFWA Member
 
Posts: 40
Joined: Fri Mar 23, 2012 6:04 pm


Return to Piyush Heights

 


  • Related topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: No registered users and 0 guests

cron