Has anyone got the agreement done for their flat booked?

Q: I heard there is an legal issue with this project and they collecting the cheque in favor of Parianda build construction and not on ERA build.

I heard AXIS bank has stopped their payment citing this concern.

Can someone clarify on this issue?

Shankar, Apartment Resident, Bangalore

31st January 2012

Home Loan in Era The Arena, Kengeri, Bangalore

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Hey Shankar, you can talk with the builder about the issue. The builder is going to clarify the issue or he himself can appeal to the bank because at the end of the day he wants his property to be sold out.

Suneet, Delhi

31st January 2012

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Hi Suneet the problem is with the name they are executing the agreement and what the money on Pariyandi build con which is 100% owned by era group
As this project is done my the Era group and not by parinda buildcon the bank wants the Era group name to be mentioned on the agreement or to provide GPA. from parinda buildcon.

Shankar, Apartment Resident, Bangalore

31st January 2012

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I did not know that the project that there is some legal issues going on. But the project is approved by HDFC and LIC Housing Finance. Did you check with the HDFC bank or LIC Housing Finance?

Suneet, Delhi

31st January 2012

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