I bought an under-construction flat in Thane, promised for November 2011, but haven’t received possession even in 2016. It seems like it’ll take another 2 years. With loan EMIs and rent, it’s getting tough. Can I stop paying EMIs until I get possession? Is there any way to ease the burden? If I file a case, what compensation can I demand?
Best Answer
Indian law allows you to seek relief if a builder delays possession beyond the agreed-upon date. You can explore options like demanding compensation for delayed possession, stopping EMI payments until possession is given, or seeking a refund with interest. Filing a case in a consumer forum or RERA can help you seek legal redress. However, specific compensation amounts would depend on the terms of your agreement and the court’s judgment.
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