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Hello, I am planning to purchase a flat in Uttarahalli, Bangalore, which is within my budget. The builder submitted a plan to BBMP for a G+3 structure with one flat per floor (total 4 flats on 2400 sq ft). However, he has actually built 2 flats per floor (each 1200 sq ft) and a penthouse — totaling 9 flats. He is offering a loan through LIC Housing Finance only, not nationalized banks. Is it safe to purchase a flat in this building? Will I face legal issues in the future?
This is a legally risky purchase. The building has unauthorized construction (9 flats instead of 4), which may lead to demolition notices or denial of occupancy certificate. Loans only from LIC HFL suggest other banks see risk. Consult a property lawyer and avoid unless the builder gets the deviation regularized with BBMP. For further legal assistance contact us on our helpline number.