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Builder denying penalty payment for delaying possession

Q: I have purchase a builder flat in sec. 76 noida in resale.Possession of flat is delayed by builder,on asking of penalty mentioned in builder agreement he is denying & told me that in transfer cases penalty is not applicable.

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Hi Manish,
As per my knowledge, in resale cases, builder is not the first person(seller). So builder is not reliable to pay you penalty for delaying possession .
Shilpa


Hi Shilpa,
What about builder buyer agreement conditions which are transferred to us at the time of resale by first buyer?
Manish,  Noida
6th January 2015


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