Senior citizen - Pensioner in SBI , No Loan, still High Risk Category - ReKYC - 2 Years

[hender]

Money is going to someone else and disbursement is directly via cheque to him. So they can scrutinize the one receiving funds as the onus to delivery of product is on seller.

NBFCs have their own set of rules by RBI which states for scrutinize they can go to whatever level they want. These days NBFCs and banks are more stringent. Causes hassles for borrowers but at end of day they are lending other people money so they can do anything in name of risk assessment. Sad but that's what it is.

But anyhow, previous paper of (old chain) of property/plot, having all the relevant details of the seller(Buyer at that time).

Have checked with PSU Loan Manager/Dy Mgr, no such thing they do for seller.

If a So called NBFC/employee do any fraud/cyber crime having all the things with them, or take a Loan by submitting the details.... Who will FEEL The pain in Future ...

 

[desiviru]

But anyhow, previous paper of (old chain) of property/plot, having all the relevant details of the seller(Buyer at that time).

Have checked with PSU Loan Manager/Dy Mgr, no such thing they do for seller.

If a So called NBFC/employee do any fraud/cyber crime having all the things with them, or take a Loan by submitting the details.... Who will FEEL The pain in Future ...

Frauds can happen with docs in PSU also. What I have seen in my life is PSU and Govt backed entities for lending like Sahkari banks are more involved in ducment misuse than pvt lenders or NBFCs.

I can understand your concern point but under risk anaylysis book by RBI for NBFC they can do whatever to protect their own rights over money. These days even in proprty selling seller account numbers, mode of payments, his all other details are recorded like CBI is doing land deal rather than DDA (ex: for Delhi) or other local authorities depending on location.

 

[hender]

Frauds can happen with docs in PSU also. What I have seen in my life is PSU and Govt backed entities for lending like Sahkari banks are more involved in ducment misuse than pvt lenders or NBFCs.

I can understand your concern point but under risk anaylysis book by RBI for NBFC they can do whatever to protect their own rights over money. These days even in proprty selling seller account numbers, mode of payments, his all other details are recorded like CBI is doing land deal rather than DDA (ex: for Delhi) or other local authorities depending on location.

True Prof.

But question ❓ here is how to help ! keeping safe them from any adverse...
BTW, DDA Flat has been allotted in 79 or 82 !!

 

[desiviru]

True Prof.

But question ❓ here is how to help ! keeping safe them from any adverse...
BTW, DDA Flat has been allotted in 79 or 82 !!

To keep yourself safe you can ask them to provide in written that they are taking so and so documents citing rule book and should provide in written that the said documents won't be used for any other future purposes than for said purpose. If they are ready, go ahead or cancel the deal right there. Mostly they will deny giving in written but it is your right to get it as per certain laws framed for consumer protection. An adovcate/attoney of such cases can help a person better if any negative situation happens in future.

Anyways, we have our own independent home here. Got 2 DDA flats allotted ~ 25 years ago which were sold later. Today they are deserted as no one living and condition is too bad with mostly labour living around those ghosted flats. Good that it were exited at good profits.

Flats in general are not a good investment thing as once they age, they lose their value while ind. homes can be repaired at will. These days at some places inventory is much more than demand and demand for new flats is more. Old flats are looked at only when location is too good which keep its value high.

 

[hender]

To keep yourself safe you can ask them to provide in written that they are taking so and so documents citing rule book and should provide in written that the said documents won't be used for any other future purposes than for said purpose. If they are ready, go ahead or cancel the deal right there. Mostly they will deny giving in written but it is your right to get it as per certain laws framed for consumer protection. An adovcate/attoney of such cases can help a person better if any negative situation happens in future.

Anyways, we have our own independent home here. Got 2 DDA flats allotted ~ 25 years ago which were sold later. Today they are deserted as no one living and condition is too bad with mostly labour living around those ghosted flats. Good that it were exited at good profits.

Flats in general are not a good investment thing as once they age, they lose their value while ind. homes can be repaired at will. These days at some places inventory is much more than demand and demand for new flats is more. Old flats are looked at only when location is too good which keep its value high.

They already asked them to send from official mail, what they have , what they want and Why(Purpose) !!

But heard Dwaraka, Rohini and Dilshad Garden are getting good returns!!!

 

[desiviru]

But heard Dwaraka, Rohini and Dilshad Garden are getting good returns!!!

Just because they were well maintained over time and also the facilities around them are much more and as I said location matters. Dilshad has some flats for 50L also and 1.5 crore also. So all depends on conditions of houses.

Ours were in Tilaknagar. Grandfather had sold some property in Bahadurgarh Haryana (got after Ind-Pak partition) and money was used later for DDA flats.🤣