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Purchase of property from HUF builder


12-Jul-2023 (In Property Law)
Hi my self 40 year old salaried and want to purchased on ready to move property in Nasik city . I had applied for loan from reputed Finnace company. after 2 days I got to know that the company had refused to finnace this property with reason that they cant finnace since the builder who is owner of flat had HUF firm { well known firm in city } Big project building had 72 flats . what to be done in that case. should I go ahead to finnace this from other finance company. what will be reason for not finnace . is it going to difficult for me to resale this to another party after my purchased. or should I avoid it
Answers (1)

Answer #1
909 votes
This is my response to you:
1. State the clear reason for failure of granting loan;
2. Approach another finance company;
3. Also approach the legal department and get more clarity;
4. Consult a local lawyer and take steps.
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