Hello Rohit,
When is the possession date mentioned in your agreement? If it is a under-construction project, builder must has to register it with their respective RERA department. If not then they have to pay penalty for delay. And even if he is unable to complete the project within the said time period, they too have to pay 10% as interest from the time of promise date.
Thanks all for your prompt response. Well as per builder possession is in july 2018. But builder has to pay EMI to bank as it is No EMI till possession. And unfortunately builder stopped EMI's as well. Kindly suggest next course of action.
8th September 2017
Hi Rohit,
Yes, Primerose Ryne is an ongoing project and it will take one more year to finish the construction work. Construction work is not in progress. I had a word with the developer and as per them, the possession date will be June-July 2018.
True that builder not even responding to phone calls. Please suggest if we can create a group and file a case against builder?
8th September 2017
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