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Home > Forum > Bangalore > Other > What can a buyer do when a project is delayed?

What can a buyer do when a project is delayed?

Q: There are a number of instances of projects delays for residential projects. What a buyer can do if the project gets delayed?

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Replies (6)
1
Thank you Vijay... this is a good security to investors. Otherwise builders can take any decision on their own. But this rule will make them think twice before delaying the project.
abhinava.nair


2
Hi Abhinava, the builder cannot refuse. If he does, then the buyer can take legal action. Sometimes the builder will even end up paying more including interest and for causing trouble.
Vijay


3
Hi Vijay & Santhosh, what if the builder refuses to return the booking amount?
abhinava.nair


4
No Santhosh, the buyer will have the right to ask for refund.
Vijay


5
Then what about the booking amount? Will he lose it?
santhosh


6
If the buyer cannot wait till the project is ready then he can opt for cancellation of the booking.
Vijay


7

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