Illegal possession of property near Jangpura South Delhi
10-Mar-2023 (In Property Law)
I had purchased a Residential Property for Investment purpose & had also taken Loan on the same. The Builder has not given Possession of the premises to me & another Third party is residing on the premises. Although it was discussed with Builder that I will be getting assured return @ 18% on my Investment / Rental of premises whichever is higher but nothing has been paid to me. On top of this I have to pay monthly EMI's on the Loan taken by me from NBFC. Now I don't have further Funds to pay the NBFC any further EMI's. Now only option left with me is to either File a Police complaint or to surrender the Flat to NBFC so that they can sell the Flat & close the Loan component. Please advice.
Hello client hru.
As I read Ur query according to which you have invested in a property /residential property for which u have been promised to be given the assured returns as well or rent which ever will be higher.fi buying this property u have also take a loan from nbfc also and due to which Ur still paying the EMIs to nbfc.in this regards u have not got the possession till now . In this regards you have written take the legal action immediately.
As I read Ur query according to which you have invested in a property /residential property for which u have been promised to be given the assured returns as well or rent which ever will be higher.fi buying this property u have also take a loan from nbfc also and due to which Ur still paying the EMIs to nbfc.in this regards u have not got the possession till now . In this regards you have written take the legal action immediately.
You have options.. including going to company court, insolvency, civil remedies as well as under NI if PDCs were given apart from criminal complaints. You can get interim protection in regards the person currently in possession. However first start off with a legal notice and build your case.
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Property lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."