Jayasuryan Nair, Pune
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Trapped in Tri-Party Agreement
Q: I had purchased an apartment at Vivansaa Baalsam from Dubai in Aug 2016. The sales team here insisted on going for the Tri-Party Loan Agreement with Indiabulls, whereby the builder agrees to bear all interest till the time of possession. I found the offer to be too good at that time, so I went ahead. Things were going smoothly till two months ago, when Indiabulls debited the monthly interest from my account, stating the reason that Vivansaa have defaulted. They again debited the same amount last month. I have been trying to reach Vivansaa since the last two months, but they are not giving a propoer response regarding the refund. Also, numerous e-mails sent to their management team have not yielded any response. Can anyone suggest a way out of this situation?

Latest Answer: Mr Nair Any Chance we can connect? I know this is an old post but if you think we can then please send me a email on achrungu at gmail.com

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