Will Neo City Wagholi Pune builder give at least fix rent amount to buyers on delayed possession of flats ?

Q: East Pune side construction projects are delayed. Neo City project located at Wagholi Pune, buyers are waiting for possession from last 4 years. However builder Pristine, Maple and Jalan are good builders and hoping they will give possession as soon as possible. Many owners are currently staying on rent and waiting for possession, builder is likely to give rent amount at least for such delay of possession.

- Mrs. Kulkarni

Mrs Kulkarni, Raipur

27th March 2015

Residential Project Review in Pristine Neo City, Wagholi, Pune

late possession

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Replies (3)

I can suggest here that all owners of Neo City Wagholi should ask compensation from builder Pristine, Maple and Jalan. Like rent of the month for delay. Many owners are having loans and few are also staying on rent. So all owners must ask a fix amount per month for such delay. I shocked knowing that project is running from 4 years and no possession due to whatever reason. Ask for rent amount as per the rent rates in that area per month till you get possessions.

Patil, Mumbai

6th April 2015

Comment

Yes, there is a provision and the rent that a flat would bring at the current market rate can be criterion for calculating compensation.

ujwal nikam, Pune

30th March 2015

Comment

Hi,
If you are in Maharashtra, you can get solution through Section 8 of the Maharashtra Ownership Flat Act 1963, which makes the builder responsible to refund the money received from a consumer with interest if he is unable to justify non-completion or delaying possession of his project. This section clearly works to protect the interest of the consumer and it is the duty of the builders to complete the construction on time.

Hamsika Iyer, Pune

30th March 2015

Comment