LR 22 Why do I consider Tower-wise construction as illegal and unethical
There are 7 reasons for which I consider the Tower-wise construction adopted by La Residentia Developers , as illegal It violates the original agreement's payment condition which specifies how much money is to be paid at what stage of construction. The buyer under this new arrangement is paying advance instalment of Rs. 2 lakh approx which the builder should treat as a loan and pay interest thereupon.Also bankers who are releasing loan instalment should acknowledge that there cannot be two agreements between the same builder-buyer for the same flat.Those who want a new agreement have to cancel the old one. Bankers have followed original agreements and demand letters as per progress of work as basis for payment. Now , suddenly they are disbursing loan without any work being done. It also makes them unsafe. But the bankers are under influence of builder's money and completely ignoring this basis requirement of security for loan.This violation of agreement should be taken cogn...