Latest Answer: Builder has already taken 88% of the total due. Of remaining 12% 4% is due on possession. I expect this to be completed by end 2017. If not, then it would be very hard to continue paying rent as well as near full emi.
Q:Hi, i had shown interest in Airoli Green World project for this i had been to their office and spoke to Akshar's marketing executive. As per his words had paid some amt to book the flat and he gave me written on a chit. 2 weeks back i paid to him a Cheque to get the allotment letter.. However they havent yet processed the cheque and giving some or the other reasons. Need a help as to why they are taking so long to process it. Is my money safe? What should i do in this current situation.
Latest Answer: Allotment letter is vital in availing loan from the bank, as the letter mentions the amount of money which you have to pay to the builder/housing society, so that remaining amount can be financed by the bank. On the basis of this letter, generally the bank finances the remaining amount.