I booked a flat in Godrej Icon back in May 2015 and paid 20% of the price within five months. However, Godrej began persistently demanding the remaining 80% by December 2019, despite promising possession in the same month. The builder-buyer agreement was finalized after the initial 20% payment, leaving me with no choice but to comply with their demands.
Best Answer
Based on Indian laws, the builder’s demand for the remaining 80% payment before possession is legally permissible. However, you have a right to claim compensation for the delayed possession based on the builder-buyer agreement. The exact compensation amount will be determined based on the specific terms of the agreement and prevailing legal precedents.
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