Mumbai Rera Query
9 months ago
In ongoing rera reconcilation , builder is stating they have 1 year extenion by default from rera due to pandemic.
What value we can ask for compensation of interest on delay possesion:
Agreement value
Registration plus stamp duty
Agreement was based on construction linked plan
Date of Possession on Agreement : 31 Dec 2021
Agreement value paid all : 07 Jan 2021
Is that one year extension valid ? can we confront in any case!
A.Dear Client,
From the query, it is not clear from which date Builder gets extension for one year, If the extension period expired or ended before the dead line of delivery of possession i.e, 31-12-2021 as per agreement, then the compensation for delay in delivery of possession shall be counted from the date, the extension is ended to the actual delivery date of possession. You also need to verify the statement of Builder that they were granted extension by RERA for pandemic and the effective date of such extension from RERA. For further clarification you need to consult with a consultant dealing RERA dispute.
From the query, it is not clear from which date Builder gets extension for one year, If the extension period expired or ended before the dead line of delivery of possession i.e, 31-12-2021 as per agreement, then the compensation for delay in delivery of possession shall be counted from the date, the extension is ended to the actual delivery date of possession. You also need to verify the statement of Builder that they were granted extension by RERA for pandemic and the effective date of such extension from RERA. For further clarification you need to consult with a consultant dealing RERA dispute.
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