Q:I have completed registration part of my flat in 24 Dec'16 however builder not handed over my flat till date What is legal action i can take against Builder ?
Latest Answer: Yes, i am agree with Bhuvan. If possession is not delivered on time, you can send a notice to the builder, claiming refund of the amounts paid along with interest and/or damages. You can also file a consumer complaint for ‘deficiency in service’ as defined under the Consumer Protection Act, 1986 against the builder.
Latest Answer: Yes, a buyer who is the victim of the unfair practices of the builder can approach the following forums for his redressal: He can file a civil suit in a Civil Court. He can file a complaint before the consumer Forum. He can file a complaint before the Competition Commission of India. He can approach Regulatory Forums. He can file a Criminal Case.
Q:What to do if real estate market still faces delaying in project? As many as 295 infrastructure sector projects worth Rs 150 crore or more are delayed with total cost overrun of Rs 1,01,436 crore.
Latest Answer: Hi Ankita,
As per the 346 Flash Report of August 2014 released by the Ministry of Statistics, out of 720 central sector infrastructure sector projects costing Rs 150 crore and above, 295 projects were delayed. The original cost of the 295 delayed projects is Rs 5,48,838 crore and anticipated cost is Rs 6,50,274 crore, thus leading to a total cost overrun of Rs 1,01,436 crore.
Q:How good or bad is the reputation of the builders of Shreeman yogi .The promised date of possession was :Dec 2012. The building it appears will take another 12 to 18 months if all goes well. There has been delay in construction and giving of possession
Latest Answer: Hi all,
Rahatani is one of the developing town of the PCMC, is a residential hub serve mainly to the affordable housing segment. Due to its proximity to the Mumbai-Pune Expressway and the manufacturing belt of the west, Rahatani receives a lot of demand from the IT and industrial sectors. Current prices range between Rs.5200-5450/sq-ft. and appreciation has been to the tune of .34% Q-o-Q.
Latest Answer: I think this is not the right time to exit. You better hold on to the space and lease it. As in the long run it will help you get excellent returns.