[Resolved]  Indiabulls Real Estate — debiting cheque without loan disbursement

Address:

Hyderabad, Andhra Pradesh

sir,
I wanted to buy a home with Janapriya nile valley project,for this I wanted to review my financial profile to know the loan amount I would be eligible for.

A sales executive venugopal from indiabulls realestate offerred to help to look after financicial profile verification only not for loan disbursement.

He took all the required documents and a cheque of Rs. 5510 said he would get this done in 3 working days.

After 10days of constant phonecalls , he told us the loan amount.

Meanwhile janapriya project has increased thier base price and it was an additional burden of 2 more lakhs.

we did not get any letter from indiabulls nor any phone call that they have sanctioned a loan.

After 20days they have debited the cheque , when I called and asked venugopal about this he said this was loan disbursement charges.

I did not even sign any document from indiabulls regarding sanction of loan nor any intimation how can they debit the cheque.

please look into this sir.

Thank you

uday kiran
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