TO BUY OR NOT TO BUY IN A COFUSING AND FULL MESSY SITUATION

Q: a) Was it not the builder’s duty to communicate in writing to us time to time for any of his demands for payment or registration of the deal after getting the booking ammount?
b) Whether the builder can unilaterally decide to charge exorbitant interest for delay in registration after booking and then forgo the same at his whims and fancy and pressurize us for immediate payment when we are sincerely communicating with him our situation and conditions.
c) If we don’t want to ahead with the deal what is the way to get refund of our booking amount ?
and last but not the least important thing ,
d) Can the builder really have the right to forfeit our booking amount?

TANGA S D, Pune

20th February 2013

Legal in Pune

to buy or not to buy

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Replies (3)

Generally Builders will not return money unless it's profitable for them or specifcally written in the Contract.

Even if it's written in the contact they will try to find different ways to avoid cancellations. Just check with the builder, if there is any cancellation charge, which may be some percent of Total cost. They may return your money after 30 days or 1 year if no time is mentioned..

Abhijit Thanki, Mumbai

23rd February 2013

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I agree with what My Piyush said.. Have you paid the amount by cash or cheque?? If paid by cheque, then may be you can reverse the payment through banking channels. Hope everything will be fine for you.

Nitesh Patil, Pune

23rd February 2013

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Hi.. It is you right to get your booking amount back, since it is your hard earned money and nobody can keep it.. When nothing has been communicated to you in person or mail, then how are you supposed to know the payment dates. You are not required to pay any penalty. As of now, I feel you should file a suit for recovery of money with interest either in the consumer court or in the concerned civil court. You are entitled to the recovery of full monies paid with interest. You can also ask for compensation for mental harassment (if any).

Piyush Khoche, Pune

23rd February 2013

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