I have booked an apartment in dlf's new project in kakkanad, cochin. total cost was 30 lakhs. they told they can arrange loan from sbi and if i pay the loan amount in advance, i will get a rebate of 12. 15 %.
everything was agreed beteween me, bank and dlf. but now the bank is sayin they will not give the loan amount in advance. as that is the case i will have to pay 3.66lacs extra. i find this an extra burden in this recesion period and i want to cancel the booking. now dlf is saying, i will not get back the booking amount of 3 lacs.. now i feel like i am in a trap.
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