I have bought the flat at presidential tower in bangalore under 80/20 scheme, builder has stopped paying EMI, what to do

Q: builder has not paid last 2 months EMI and has not done any progress on construction from last 2 years.

niraj shah, Apartment Resident

9th December 2016

Legal in The Presidential Tower, Yeshwanthpur, Bangalore

pre approved bank loan

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Replies (3)

They are the least credible builder and has no respect for commitment

naveen bansal,

24th September 2018

Comment

Yes, that is correct the project i am talking about is same as you have mentioned, I have bough the flat on 80 /20 Scheme, where we pay 20% and rest is covered by Bank loan and EMI is paid by the GGP Its been 2 months they have not paid the EMI and from last 2 years there is no progress on building work.

niraj shah, Apartment Resident

12th December 2016

Comment

Are you talking about Golden The Presidential Tower by Golden Gate Properties??? I heard that Golden Gate Properties are one of the reputed builders in the industry, then what can be the reason that there is no progress on construction work.

Tejesh Kumar, Bangalore

12th December 2016

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