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How to get paid Token for resale flat back

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How to get paid Token for resale flat back

Last updated: November 3 2019
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  • How to get paid Token for resale flat back

    I had selected a resale flat for purchase in navi mumbai, maharashtra and also paid Token of 1 Lakh to seller. But that property is about 20 years old and bank is not supposed to pass a loan amount that is required to buy that flat. Within my savings and other sources I can manage only 15% of total amount but bank can pass loan upon valuation done by them only (It is 80% of valuation of property and its not sufficient for me)

    Now I am not able to adjust balance more amount as of myself.

    I have original papers of property and I had told seller that I could not able to manage balance amount as loan pass on your property is not that amount I have required to buy your property.

    Now seller is not agree to return my Token amount and ask for his papers.

    What can I do now? I had signed MOU on Rs. 100 Stamp Paper and mentioned that I had given payment of 1 Lakh.

    Please suggest me.
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