I am pretty old member of DD, almost 6yrs old member. I hardly post deals but follow DD very regularly. Now I need your advise
All of you are aware about 500/1000 thing right..
Let me elaborate my issue.
I purchased a Flat in Bangalore for 75L 2 months back, and have done a Sale agreement with Builder by paying 12L and rest have to payed after 6 months.
Builder is not reputed builder like Salarpuria and all..
Becase of Modi’s blackmoney effect, property prices are going to fall and all flats and lands prices going to be decreased/slashed.
Now I am sure my flat value is going to be slashed because of same and I have to pay same 75L even if it falls as I have done sale agreement.
Can you please advise me how to proceed now as breaking of sale agreement will be penalized by 3Lakh deduction.
I am tensed so please advise with best of your knowledge.
Thanks in advance!