u/OM99thorat

Hi I am M20 have a joint property (building in a prime area)
It’s divided into 3 shares
On the ground floor 1 big shop which is half half between my father and his lil brother and the remaining back side area of the shop belong to one of our relatives. Then there is 1st floor which also completely belongs to my father and the 2nd floor completely belongs to my uncle(father’s lil brother).

So the building was dormant for 25yrs because of some road winding and family issues later my uncle took out a massive loan of Rs.15,17,179.36 (2018) and then did a top up of Rs.11,59,123.62 (2019) for renovation of the property.
Now it’s been roughly 7yrs since
And we are repaying the EMI’s every month
But we have already paid around 30lakhs in EMI yet the
Loan amount is still more then 23lakhs left yet to be paid
What can I do in this situation I have added pictures so u guys can see the matter in detail please help 🙏

Hi I am M20 have a joint property (building in a prime area)
It’s divided into 3 shares
On the ground floor 1 big shop which is half half between my father and his lil brother and the remaining back side area of the shop belong to one of our relatives. Then there is 1st floor which also completely belongs to my father and the 2nd floor completely belongs to my uncle(father’s lil brother).

So the building was dormant for 25yrs because of some road winding and family issues later my uncle took out a massive loan of Rs.15,17,179.36 (2018) and then did a top up of Rs.11,59,123.62 (2019) for renovation of the property.
Now it’s been roughly 7yrs since
And we are repaying the EMI’s every month
But we have already paid around 30lakhs in EMI yet the
Loan amount is still more then 23lakhs left yet to be paid
What can I do in this situation I have added pictures so u guys can see the matter in detail please help 🙏