Hand over the flat else pay Rs 2 crore tells Mumbai High Court

Q: Mumbai High Court has issued notice to builder to hand over the flat by Jan 2015, else pay Rs. 2 crore along with interest as penalty.

Vinay Dixit, Mumbai

31st January 2014

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Replies (2)

Hi Sandeep,

Looks like the builder will get a shock when he hears this news!!!!. At least now he will wake up from the slumber and hand over the project within the deadline given fearing that he may have to cough with a hefty amount levied against him for defaulting the buyer as well as the project. Thats the way to teach these builders a very good lesson.

Praveen Modi, Mumbai

31st January 2014

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Yes Dude!!!!.

I too read the news that Mumbai High court has ordered to hand over the flat by Jan 2015 or pay a hefty fine amounting to Rs. 2 crore along with interest against the builder. Think this is the right way to tackle against erratic builders who take the innocent buyers for a ride and take advantage of the buyers.

Anuj Gupta, Mumbai

31st January 2014

Comment

Yeah Anuj,

This will be a lesson for all the builders who give false promises about possessions of the project. Actually the builder should have handed over the project in year 2006 itself, but as it was under some legal dispute work came to a halt and ultimately it is the buyer who is at loss.

Sandeep Mhatre, Mumbai

31st January 2014