[Resolved]  Union Bank Of India — Union Bank Nexus with builder

Address: 12th Floor, Central Office, 239, Vidhan Bhavan Marg,Nariman Point, Mumbai-400 021, Mumbai City, Maharashtra

Website: www.unionbankofindia.com/

Dear Sir,

I had taken housing loan from Union Bank in October 2005 for a flat in Blue Diamond, Mulund West.

Union Bank was financing loan on this project. Union bank had even charged us for verifying the land verification records. As a consumer, we were satisfied that since this nationalised bank was official financer for this project and done due verification, we went ahead for disbursement of entire loan amount of 37 lacs.

But to our surprise, Bank was granting loan on a property which was under litigation since 2002, and from Jan 2006 court has given stay on any construction deeeming the property on Forest Land.

In this entire episode, Bank had nexus with Builder to cheat the buyers. Even builder went ahead in alloting us a flat on a land which was under PIL. Both of them have cheated me and I have lost on many grounds as even after 8 years, I dont have my house. And today the same house costs me 2 cr.

I have written to bank officials, spoken to them, spoken to builder but none has replied.

I seek justice . I have ended up paying close to 80 lacs, with no house, lost rental opportunity, interest benefit......All this because bank and builder cheated me


Please let me know the recourse

Regards
Manisha