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Can the builder pay penalty on delayed possession?

Q: I have booked a flat in Ignis 'F'. According to the agreement the builder is liable to pay interest on delayed possession after Dec 2011. When I spoke to the customer service person, he told me there is a clause (24) in the agreement which says if any payment is delayed from the buyers side, the builders interest on delayed possession will get forfeited. I have already paid interest on one delayed payment. Can the builder still not pay penalty on delayed possession?
Replies (2)
1
Gurav, As far as I know the builder's claim is false. There's no such thing. I'm also trying for the compensation from the builder for my flat in IGNIS-E. Earlier they said it'll be adjusted with the possession demand letter but now they are sayiing it won't be possible for them to pay the compensation as the delay was beyond their control. I've planned to go legal way through consumer court. To get the compensation from the builder in case of delay in possession, the only clause that needs to be there in the agreement is that the builder is liable to pay some percentage to buyer on demand. If it's there then we can fight in consumer court and he'll give us. We can also talk regarding this.
AMIT PATNAIK


Thanx for your number Amit. I will call you once i am back in town.
gaurav,  Mumbai
5th October 2012


Hi Amit. please give me your number. i have received a demand letter asking for 7.5 lakhs!!!! the maintenence has been increased to Rs. 6.25 PSF. have u also got a similar letter?
gaurav,  Mumbai
12th October 2012


2
Gaurav, have you tried taking advise from a legal expert? If not, then I think it is better to meet a lawyer and be advised on it. Because it is necessary to go through the documents to decide what could be done.
Daljeet


3

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