Under construction property
1 year ago
Builder issued demand letter for more money without resuming construction on site after 4 years and Bank have rejected demand letter due to work not started on site. how to handle such builders
A.Dear Client,
A buyer can file a case and send a 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 a 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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A.Dear Sir,
You have to get issue a legal notice to the builder and in the meanwhile you may threaten to file a case before Consumer Forum to claim huge compensation.
You have to get issue a legal notice to the builder and in the meanwhile you may threaten to file a case before Consumer Forum to claim huge compensation.
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