I bought a flat in Jaypee Kosmos in 2011, with a promised possession date of 2015. I’ve paid all installments except the last one, which I cleared two years ago. Since then, Jaypee keeps saying they’re waiting for the Occupancy Certificate from the Noida Authority. With the new real estate law in Uttar Pradesh, can I expect justice and fair compensation for the delay? Will it just be another token penalty, or is there a legal path I can take? Any advice would be greatly appreciated.
Best Answer
The new Uttar Pradesh Real Estate (Regulation and Development) Act, 2016, strengthens consumer rights in delayed projects. You can seek compensation, including penalties and damages, for the delay and non-delivery of the flat. Consult a lawyer specializing in real estate law to explore your options and pursue legal recourse under the Act.
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