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Business
Homebuyer Halts EMI Payments on ₹39.92 Lakh Loan After Builder Sells Flat to New Buyer
✍️ The Economic Times
🗓 27 Oct 2026, 12:47 PM
👁 17
A homebuyer has stopped making EMI payments on a ₹39.92‑lakh home loan after the builder sold the property to a new buyer.
A homebuyer has halted all EMI payments on a ₹39.92‑lakh loan after the builder sold the property to a new buyer.
The loan, taken to finance the purchase of the flat, had been serviced regularly until the sale. With the change in ownership, the buyer decided to stop the payments, citing the builder’s sale as the reason.
The builder’s decision to sell the flat to another buyer left the original purchaser without the property, prompting the cessation of payments. No further details about the buyer’s legal recourse or the builder’s response have been disclosed.
The loan, taken to finance the purchase of the flat, had been serviced regularly until the sale. With the change in ownership, the buyer decided to stop the payments, citing the builder’s sale as the reason.
The builder’s decision to sell the flat to another buyer left the original purchaser without the property, prompting the cessation of payments. No further details about the buyer’s legal recourse or the builder’s response have been disclosed.