Home/A builder in Chennai is giving a flat in exchange for an abandoned villa project, he wants us to pay 6.5 lakhs more, the paid amount was 35 lakhs in 2013, after more than 6 years, Do we need to pay this extra amount. I have been paying EMI on a loan of 25 lakhs. A builder in Chennai is giving a flat in exchange for an abandoned villa project, he wants us to pay 6.5 lakhs more, the paid amount was 35 lakhs in 2013, after more than 6 years, Do we need to pay this extra amount. I have been paying EMI on a loan of 25 lakhs.
Q.
A builder in Chennai is giving a flat in exchange for an abandoned villa project, he wants us to pay 6.5 lakhs more, the paid amount was 35 lakhs in 2013, after more than 6 years, Do we need to pay this extra amount. I have been paying EMI on a loan of 25 lakhs.
Hello,
First of all, I would suggest you compare a few things before you proceed with this deal.
a. Compare the property area (usable sq ft area).
b. Compare the property rates.
c. Calculate how much you would need for renovation of the old villa and what rate are you getting after that. If the rate difference is huge (higher), then you should renovate and sell the property. If not, then the builder’s deal would be ideal.
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A builder in Chennai is giving a flat in exchange for an abandoned villa project, he wants us to pay 6.5 lakhs more, the paid amount was 35 lakhs in 2013, after more than 6 years, Do we need to pay this extra amount. I have been paying EMI on a loan of 25 lakhs.
sanjay
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October 18, 2020
2020-10-18T22:05:46+00:00 2020-12-15T13:34:31+00:00Comment
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