Q:We the owner of flats in DLF Maiden Heights seeking legal advice and possibly filing a law suit against the builder DLF. If any experienced lawyer interested please contact Anil Aliyan or Mr. Anirudha
Thanks & Regards,
Anil Aliyan
Q:As mentioned, I have purchased a site on Anekal Jigani road (6KMS from PAC Circle) on loan. Is there a rule that if we purchase a site on Bank loan we should construct house within a stipulated time frame? When checked with the Axis Bank from whom i have taken the loan, they informed me that as per new RBI rule we have to construct house within 18 months of site purchase. Currently i cannot construct a house there for another min of 5 years as the area is not developed. Please advise if i have sell the site or keep it.Thanks,Vishwa
Latest Answer: Good evening Tejas, this rule is not apply to LIC because they provide Plot loan for the period of 10 years, and you can build your house anytime you want. but sorry i dont know anyone personally from LIC. but you can visit the nearest branch or enquire online about this with them. Thanks
Latest Answer: Hey Sailesh, You need not have to worry if this is your first, you can go through this article Tips for buying a plot . I hope this will help you to some extend.