I booked a flat in karnal Haryana on 29/06/2014. The basic price of flat was rs2085000 and allotted me at 10% discount i.e net price was 1876500. Project was not constructed till date only 2% construction done. I file case in consumer forum on 12/09/2018. Now in argument all forum members are confused that the cost exceed limit of Rs 2000000. Plz suggest me accordingly more
Probably you are no longer interested in buying the house in question due escalation of price due to delay in construction. If it is so you can seek refund. You are entitled not only refund of paid amount along with 9% interest, but also compensation for harassment, physical & mental torture. more
There are no. of prjects like this, once you wish to cancel your allotment on the ground of substantial delay/ construction is only 2% complete, so the builder has to pay alongwith bank interest and penalty. Such projects get held up usually. It's better to opt for cancellation, if it favours you as per agreement. more
There may be a escalation cost clause in the offer. The builders make you sign lot of papers in very fine print. You are never given time to go through it or understand the implications. In case of Govt. you have a image that you will not be cheated. more
Banks Have To Provide 3 Days Grace Period From The Due Date and if u make the payment within these 3 days late fee and interest has to be reversed. Attached RBI circular and link
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By Lakshmi Sitaraman
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