Q:Want to know the Penalty charges or what action can be taken on delay(of 1.5 yrs) in flat possesion. The flat is still in construction and would take more 3 quarters to get it delivered. I would like to know how can I get compensated for this delay
Latest Answer: Hi all,
Most agreements that you sign with builders stipulate a hefty rate of interest for delayed payments from your side. But search for a similar penalty clause for delays on the part of the builder in handing over possession, and you will find none.
Under the Consumer Protection Act, a consumer is entitled to compensation for any service that turns out to be ‘deficient’. Since delays in the delivery of any service constitutes ‘deficiency’, one can demand compensation for such delays. I would suggest that you please go through the order of the National Consumer Disputes Redressal Commission.
