If property prices drop right after you buy, this could be the case. In such situations, unlike in US or many other countries where the bank doesn’t bother you as long as you pay the loan, in India, the bank can ask you to pay up.
Indian banks expect you to pay the difference in price immediately- no you don’t have much time. The banks don’t want your outstanding loan amount to be greater than the current value of the house. It doesn’t matter whether you have a job or have the ability to pay your loan, you will always have to keep your loan amount less than the value of the house.
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