House Hunting

Cool..
Working in a software concern with a good remuneration,
Got a good two wheeler,
Enjoying life to the fullest with decent attires, shoes and other accessories...
what next ?




A house .....




Yes this would be the desire for every one in IT field who crosses 4+ years. These four years of his service would have fetched him enough name , fame and money which makes him to think or aim high to buy a own house. The huge amount of tax that we pay towards Government can better be redirected towards the interest and principles of housing loan repayment. Moreover you own a house at the end of repayment.

To be frank If you ask me I would say its better to live in a rented house...


But then my parents insisted me in getting one. They have no other work except packing my lunch and preparing food. So I could understand the free time what they enjoy made them to think buying a house.

I first showed my reluctance ..and their continous pester made myself to go with them.

" I am interested in buying an individual house "Eli valai aanaalum thani valai venum .." - this is my papa's penchant. The meaning goes here.. Even rat should have its own burrow. Thats because he was fed up with tortures from house owners which made us to take number of shifts.

Basically we root from a village , a fine individual house surrounded by evergreen garden, with all time available crystal clear water and other facilties. I brought my family here since I m working here in chennai. So I thought they can never search such a house in chennai which they like for..


My papa started his hunting first. At the outset I told him the affordable price (14 lakhs).This happend an year back. He searched in the same place where we were dwelling (Valasaravakkam ). I used to get bored to hear his stories on searching houses. He performed his hunting for 2 months and atlast ended up in an individual house ( half ground ).

We visited the house and it was very nice. we bought the documents by paying owner the token advance of Rs.1000.00. I opted IDBI bank for house loan and submitted the documents by paying the sanction amount of Rs.8520.00 (which is valid for 6 months). This is because I wanted to block the availabilty of floating rate of interest at that point of time, under a strong belief that we would purchase the house.

In mean time My papa came to me and discussed about the other party who tried to book the house by paying the advance. He adviced me to make a sale aggreement with an advance payment of Rs.30,000.00 to avoid the property owner allowing others to view the house. He had the presumption that he had finalised the house for lesser amount and he did not want that to pass out of his hands.

Due to his pressure I also complied with his point and made the sale deed as he insisted before getting the approval from the bank. I was under strong belief that I would defintely get the loan since I had the sanction letter for Rs.14,00,000.00.


We all were very happy and felt proud of my papa who took right decision at right time.




But after two days I got an unprecedented response from the bank person, heard the house is in minor property and cannot be sold without a court order and the bank cannot process the request anymore. All our family members anger turned towards my father. My mom cursed my father for his ignorance ( that happens often..)

My father enquired facts about the documents to the self proclaimed owner. But he got a good response " You dint question me so I dint reveal " ( Neenga edhuvum kekalai adhanaala naan edhuvum sollalai ...). Then my papa walked thousand times to get back the advance payment.

That was really a bitter experience to my family and our dreams ended half way. In mean time six months got over and the sanction order crossed its span.

still more to scribble ( why not in my next post as part II ).....