Builder and HDFC Limited Home Loan Trap or systematic organized fraud

Signed 6/3000
Online Signatures: 6
Hon'ble Minister of State (IC) Housing and Urban Affairs
Is RERA complaint sufficient to be filed for homebuyers who have taken a home loan if both builder and home loan provider are systematically running an organized fraud business or homebuyers still need to go to Consumer Courts and Debt Reovery Tribunal against home loan provider who will fully commit fraud? In my instant case I had entered into a sale agreement with a builder to buy a flat and had taken loan assistance from HDFC Limited :

1. Builder has not constructed as per sanctioned plan and subsequently completion certificate was not issued. Builder has not registered the project with RERA Karnataka either.
2. Builder and HDFC Limited has entered into a tripartite agreement with me and the agreement is ambiguous and home loan provider is showing leniency towards builder.
3. I filed a complain with RERA Karnataka with complaint number CMP/UR/190707/0003495 and it is still pending.
4. Meanwhile bank has taken possession of the flat under abusing powers given under SARFAESI Act.
5. The possession notice is itself questionable and challengeable because there is no conveyance deed, no sale deed and no Transfer of property in my name.
6. SARFAESI notice is issued in my name whereas builder is still the owner of the property.
7. Not just that for default made by builder I am being made to suffer and pay EMI.
8. I have not taken possession of the flat itself because no completion certificate has been issued by municipal authority.
9. I have seeken for entire refund from the builder along with interest and other damages.
10. I have written several times both through email and RPAD to HDFC Limited but they are not willing to ask for interest from builder or take action against the builder.
11. My CIBIL scores are tarnished for no fault of my own and only because I have stopped paying EMIs after realising that the property will not receive completion certificate due to deviation beyond permissible limits.
12. Builder in this dispute has also cheated customers using misleading advertisements that shows 1400 square. ft. as the SIZE of the property but in reality 1400 square. ft. is the super built up area and not carpet area and as per RERA rules it's mandatory for builder's to disclose carpet area and charge based on carpet area but in my case builder has charged for entire super built up area.

This kind of systematic organized fraud by both builder's and financial institutions must stop. I hope others who have faced a similar situation stand for this cause.

So I pray for this Hon'ble Authority to direct HDFC LIMITED to collect dues from the builder as per Section 18 of the Real Estate Act because builder is liable to pay interest along with compensation for delays in possession. I also pray to Hon'ble Authority to direct HDFC LIMITED to withdraw the property POSSESSION NOTICE and collect dues from the builder till the builder doesn't get the flat complete in all aspects legally.
A copy of letter that I have received from builder that states people in Sai Parimala apartments are staying in the apartment since 20 months without "Completion Certificate" can be found here:

A copy of email that shows that I have objected to the POSSESSION Notice through email with HDFC Limited can be found here : more  
Oct 13

Related Petitions

    • Incidence of Cheating by FLIPKART

      I placed an order to FLIPKART for a Redmi Note Pro 6 (Black, 64 GB) mobile phone amounting Rs. 12,999/- on 09-08-2019 and also mentioned delivery point at Main Hostel, Medical College, Kolkata in ...

      By Tarak Roy
    • Inflated Water Bill

      Chief Minister of Delhi should look into problems of water supply / inflated bills of the citizens of Delhi, especially Senior citizens, who cannot visit the offices of concerned departments due to...

      By Ashwani Datta
    • Defective product from Flipkart

      Defective product specially electronic item like mobile is shipped by Flipkart. Then when raised a complain for return of product in return period they send some technician and he gives a patch. Ag...

      By Deepak Agrawal
    • 420 company zunroof

      This is my forth mail to you regarding the problem of my solar panels system. As your engineers have told that structure of panels alignment can’t be made again and height which we wanted can...

      By Gaurav Singh
    • Tolls for roads under garb of PPP model

      Govt levies Road Tax on vehicles through various RTOs. Hence, having levied the Road Tax, the govt must provide serviceable roads, irrespective of the mode (govt or PPP or BPT), without extra co...

      By Kunal Jain
    • RedBus Travels not refunding ticket cost after they cancelling the bus

      Red Bus Travels cancelled my pre booked ticket and not refunding ticket cost.Customer service says they cant help.Kindly sign the petition to expose these fraud travels so that atleast others won...

      By Manju Dias
    • Denial of Warranty Coverage

      This petition is against the 'Denial of Warranty' by Apple and any other company for that matter. Accidental Damage which is not caused by any physical damage is an unjustified reason given by the ...

      By Dipti Yadav
    • cheat by

      it is a big fraud by online shoping company. so many peoples are cheated by, so i deeply requested to all to sign this petition by which no other person will be cheated by this co...

    • Change the vehicle and return me dipposit amount

      Dear Sir My problem is i purchage a Honda activa 5G from Ediig .com vide no OD22M7646 but this company shown me in vehicle ok condition and he is nov 2018 model. so i dipposit Rs-35000/- aft...

      By Ranjit Naik
    • RTO fraud

      RTO not providing refund or resolution State: Karnataka (KA) RTO: Bangalore East KA-03 (Kasturinagar) I had applied for my LL and the payment has been pmade but when I approach...

      By Kevin Nathan
Share To
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)