Pending NoC from the Financer of the Construction Company
29-Sep-2023 (In RERA Law)
I booked for a 3BHK Duplex in a RERA Approved project of one of the most renowned construction company of Bhopal. I paid in the ballpark of 13lkhs during the initial year of booking which is 2017 and applied for a home loan via SBI last year. When my loan was approved the bank (SBI) asked the construction company to submit the NOC of their financier who was financing the project and that's when I came to know that they are never going to get any NOC from the financer because they have never paid the financier anything. The completion date of my duplex is set in May 2021 but till date the plot space is still a barren piece of land. The company has stopped taking my calls. Can anyone suggest the best possible solution of this situation? I will be more then thank full.
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