Q:What is the procedure while key handover. Do while giving the possession they ask to sign any document where it is mentioned that the buyer has no pending liability against the builder and builder is not liable to pay for any interest upon obtaining possession?
Latest Answer: Hi, to have you discussion in a closed group you can join the owners group of the same and discuss with other owners/residents of the project in the group. To join click Owners Group.
Q:I have booked a flat in Ignis 'F'. According to the agreement the builder is liable to pay interest on delayed possession after Dec 2011. When I spoke to the customer service person, he told me there is a clause (24) in the agreement which says if any payment is delayed from the buyers side, the builders interest on delayed possession will get forfeited. I have already paid interest on one delayed payment. Can the builder still not pay penalty on delayed possession?
Latest Answer: Gurav, As far as I know the builder's claim is false. There's no such thing. I'm also trying for the compensation from the builder for my flat in IGNIS-E. Earlier they said it'll be adjusted with the possession demand letter but now they are sayiing it won't be possible for them to pay the compensation as the delay was beyond their control. I've planned to go legal way through consumer court. To get the compensation from the builder in case of delay in possession, the only clause that needs to be there in the agreement is that the builder is liable to pay some percentage to buyer on demand. If it's there then we can fight in consumer court and he'll give us. We can also talk regarding this.
