Is your builder also delaying possession of property? Know your rights!
Delay occurs when the builder fails to complete the project and give possession within the period as promised in the sale agreement.
Delaying possession to properties is one of the most common grievances of purchasers.
In case of a delay, you may approach: » RERA » Consumer Forum » NCLT
Redressal Mechanisms
The Supreme Court held that routine delays caused by business exigencies are not covered by Force Majeure.
DLF Home Developers Ltd. v. Capital Greens Flat Buyers Association
» Refund of the deposited amount » Compensation » Interest on the money deposited
Remedies
Buyer should always do proper due diligence before purchasing and should regularly monitor the progress of construction.
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