Rebate on interest for under construction property
This query is : Resolved
03 January 2021
I have a query on interest rebate for under construction property for self use. I booked an under construction property in Dec2017 under 30-40-30 payment plan for which I took a loan in Dec2017. As of today Loan is 50% disbursed. Due to covid there is delay in planned completion to Jun 2023.
1. Would I be able to get any rebate on interest if builder provides possession by Jun 2023?
2. Based on above dates when would my 5 year timeline for completion end?
3. Is there any relaxation to 5 year timeline for completion due to covid?
Thanks
1. Would I be able to get any rebate on interest if builder provides possession by Jun 2023?
2. Based on above dates when would my 5 year timeline for completion end?
3. Is there any relaxation to 5 year timeline for completion due to covid?
Thanks
26 September 2021
1. No.
2. 5 years from the date of first booking.
3. No.
2. 5 years from the date of first booking.
3. No.
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