I booked a 600 square feet flat in Mumbai eight years ago, paying the full amount by cheque that same year. I received an allotment letter promising construction completion within 30 months, but four years have passed with no construction. Despite daily visits to the builder’s office, there was no response. Eventually, they returned my cheque but promised a new one after three months. I sent a notice demanding the remaining amount but received no reply. I filed a consumer court case in Mumbai three years ago and it’s nearing its conclusion. Considering the property’s value has increased tenfold over these eight years, I’m curious about what compensation or remaining amount I might be entitled to. Could you please shed some light on the likely judgment in my case? Thank you so much.
Best Answer
The consumer court is likely to order the builder to pay you the remaining amount of the flat, including any interest accrued since the original payment. You may also be entitled to compensation for the delay and the increase in the property value, which the court will determine based on the evidence presented and the prevailing market rates in Mumbai.
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