Booked a flat in August 2012. It got delayed and now builder is offering a flat in diff bldg which is 50% finished

Q: We also have a home loan.v As construction has not started, is it advisable to keep this home loan. Also should we shoft to this other building. We have to get a new registration for this new bldg. Builder says that the registration charges with the previous flat booking will come into bank acc within 90 days.

What should we do?

Anujaya, Pune

15th May 2016

Buying property in Mahalunge, Pune

project reviews

flats for sale in pune

apartments for sale in pune

flats in mahalunge

Follow Discussion

Also see discussions for

Pune Mahalunge Buying property Buying property in Pune Buying property in Mahalunge

Replies (3)

Which project are you talking about Anujaya? Can you mention the name of the developers so that i can give you the exact status of the project? Thanks

Vatsa Suman, Pune

16th May 2016

Comment

You just check your registration paper first. Is there any clause for penalty in delay possession. If yes, then send a mail and ask for the possession if the possession period is over. And say him that you are not agree with their proposal and want your flat possession on time.You can also file a case in consumer court against the builder for delay possession.

Wasim Mohammad, Pune

16th May 2016

Comment

Are you sure that builder will give possession of this 50% complete building on time? And registration amount went to govt's account, so your builder can't get it back. He is just giving you false promises. Don't go for another building, you might get a lower floor area and amenities are not as per your first building plan.

Ramdas Palsule, Pune

16th May 2016

Comment

Yes, Ramdas is absolutely right. Builder is giving you false promises. Better, if you can take the advice of a local property lawyer. he will suggest you the right way.

Suppose, if the builder is unable to transfer the said registration charges within 90 days in your account then you have to suffer the double loss.

anand modak, Pune

16th May 2016