My builder promised me possession of my flat in January 2015. I’ve been paying pre-EMI for the past 18 months, but the building is still unfinished. Can I take legal action against them? I’ve already paid 20% of the total cost, and the remaining 80% EMI is supposed to start after possession. The builder is well-known, but there’s no clear date for possession. How long can I keep paying pre-EMI without any guarantee?

Apni Law
Apni Law
Law Forum › Category: Consumer Court › My builder promised me possession of my flat in January 2015. I’ve been paying pre-EMI for the past 18 months, but the building is still unfinished. Can I take legal action against them? I’ve already paid 20% of the total cost, and the remaining 80% EMI is supposed to start after possession. The builder is well-known, but there’s no clear date for possession. How long can I keep paying pre-EMI without any guarantee?
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Apni Law Staff asked 5 months ago

My builder promised me possession of my flat in January 2015. I’ve been paying pre-EMI for the past 18 months, but the building is still unfinished. Can I take legal action against them? I’ve already paid 20% of the total cost, and the remaining 80% EMI is supposed to start after possession. The builder is well-known, but there’s no clear date for possession. How long can I keep paying pre-EMI without any guarantee?

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Best Answer

Apni Law Staff answered 5 months ago

Yes, you can take legal action against the builder for delay in possession and breach of contract. You have grounds to claim compensation for the pre-EMI payments and potential rent loss. However, you should consult a lawyer to understand the specific legal options and timelines available to you based on the agreement and your circumstances.

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