Recovery of money given
2 years ago
I gave Rs.60Lakhs to a builder 3 yrs ago who promised me to register 3 flats in my name and sell them for 90Lakhs and give the money to me within 18 months. But he did not construct the flats till now. what should I do?
A.Dear Sir,
Immediately start fighting by issuing legal notice on the basis of documents available with you. If possible get into possession of as many flats as may be possible thus mortgage the same or lease out the same.
Immediately start fighting by issuing legal notice on the basis of documents available with you. If possible get into possession of as many flats as may be possible thus mortgage the same or lease out the same.
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Jagannath S Pawar
Responded 2 years ago
A.You have option to go ahead against the erring parties legally by filing cases in criminal court and also through consumer Court for recovery of amount or possession of flats and for compensation etc. You have heavy balance of conveniences in your favour. Thanks n regards
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Advocate Sinjari Bandyopadhyaya
Responded 2 years ago
A.To give opinion, it is necessary to scrutinize the concerned Agreement for its terms, conditions and default clauses. It is necessary to analyse those terms in legal perspective with supportive proof of payment.
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A.Dear Client,
A buyer can file a case and send legal notice to the builder for delay in possession under the RERA Act, 2016 or transfer their case from a CDRC to the State Real Estate Regulatory Authority. According to this Act, a builder will have to pay 10% interest on the value of the property for delayed possession of flats.
A buyer can file a case and send legal notice to the builder for delay in possession under the RERA Act, 2016 or transfer their case from a CDRC to the State Real Estate Regulatory Authority. According to this Act, a builder will have to pay 10% interest on the value of the property for delayed possession of flats.
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