My family and I booked a flat in Greater Noida West with a builder in July 2012. We signed the agreement in July 2013, promising possession within 3 years. That deadline passed in June 2016, and even with a 6-month extension, the project should have been completed by December 2016. However, the building is still only up to the 16th floor out of 22, with construction stalled across all 7 towers. We’ve already paid 70% of the cost, but with no progress in sight, we’re losing hope. Is there a way to get our money back, with interest, given the builder’s delay?

Apni Law
Apni Law
Law Forum › Category: Consumer Court › My family and I booked a flat in Greater Noida West with a builder in July 2012. We signed the agreement in July 2013, promising possession within 3 years. That deadline passed in June 2016, and even with a 6-month extension, the project should have been completed by December 2016. However, the building is still only up to the 16th floor out of 22, with construction stalled across all 7 towers. We’ve already paid 70% of the cost, but with no progress in sight, we’re losing hope. Is there a way to get our money back, with interest, given the builder’s delay?
Vote Up
390
Vote Down
Apni Law Staff asked 2 years ago

My family and I booked a flat in Greater Noida West with a builder in July 2012. We signed the agreement in July 2013, promising possession within 3 years. That deadline passed in June 2016, and even with a 6-month extension, the project should have been completed by December 2016. However, the building is still only up to the 16th floor out of 22, with construction stalled across all 7 towers. We’ve already paid 70% of the cost, but with no progress in sight, we’re losing hope. Is there a way to get our money back, with interest, given the builder’s delay?

1 Answers
Vote Up
36
Vote Down

Best Answer

Apni Law Staff answered 2 years ago

Under the Real Estate (Regulation and Development) Act, 2016, you have the legal right to seek a refund of your investment with interest if the builder fails to deliver possession within the agreed timeframe. You can file a complaint with the Real Estate Regulatory Authority (RERA) for redressal and seek compensation for the delay.

You Might Also Like

My family booked a flat with a builder in 2013, promising possession by now. We’ve paid all the installments, but the builder keeps delaying. How can we get them to deliver the flat or return our money? What are our options?

My credit card statement shows a different total than the sum of my individual purchases. I contacted customer service, and they acknowledged a mistake. I have proof of their error and want to file a complaint. What can I do?

I won a flat lottery in February 2014 and paid around half the price by May 2015. Unfortunately, I lost my job and couldn’t keep up with the payments for over a year. The builder cancelled the allotment in June 2016, claiming a 15% forfeiture and promising to return the balance. However, they haven’t returned anything yet because I disagree with the forfeiture. They have offered to reduce the amount in emails, but I want my full refund. Is it possible to get the full amount back?

I bought a flat in a construction linked scheme under BSNL Sancharnest (a cooperative society) in Palm Wood, Ghaziabad, back in 2012. The promised possession date was December 2015. Recently, they’ve sprung a surprise, demanding an extra 1.5 lakhs on top of the original price. They’ve also made parking compulsory now, which wasn’t the case initially, and are asking another 2 lakhs for it. To add to this, they’ve mentioned they might increase the price further. On top of everything, they’ve changed the exit clause, denying immediate payment upon selling the flat. They’ll only return the money after a certain period.

Five years ago, while serving as Treasurer of our Apartment Association, our cashier misappropriated ₹50,000. He confessed to the wrongdoing. The Association’s General Body decided to file a police complaint to recover the funds. A complaint was filed, but the money was not recovered. Now, the current office bearers have passed a resolution demanding that I, the Treasurer at that time, reimburse the Association. Is this resolution legally valid? What are my options?

Share This Article
Previous Article My maid might have stolen some of my jewellery and the police haven’t done much. How long does it usually take to get call records legally?
Next Article I’ve been living in this single-room house with a kitchen and independent roof for the past 30 years. My husband passed away in 2013, and since then, I’ve lived here alone. The landlord hasn’t collected rent from me for the past two years. Now, he’s sold the house to someone else, and this new owner is threatening to build a new floor and block access to my roof. I’m willing to buy the house, but the old landlord already sold it. What should I do now?

Follow US

Find US on Social Medias
Popular News
- Advertisement -
- Advertisement -
Ad imageAd image

📢 Stay Connected!

Join our community on Telegram and WhatsApp for instant updates, news, and exclusive offers.