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Panchkyas is necessary even when possession is not taken?
05-Dec-2023 (In Consumer Court Law)
Booked Tenement in Dec 2012 with the written assurance of possession by September 2013; and in case of delayed payment, 24% p.a. interest penalty. I notified three time but in their organisational name which perhaps is not proper. Banakhat and Construction agreement for Rs.14.98 lacs. Paid Rs.21.30 lacs with proof. Hence I am asking Rs.9.30 with 24% p.a. interest right from September 2013. Perhaps shall not have the loan interest eligibility in 24(b) of I.T. Can I myself notify them or advocate is compulsary. Possession is not taken, it is necessary panchkyas for other problems in Consumer Court.
most of the developers are doing this these days and technically this is illegal. It is suggested to take the possession and complete all the possession related formalities. do not pay the amount of registration of the flat until it is given to you in written that on what date the registration will be done. Also please note you can get the registration process by yourself too which would be cheaper in comparison what developer charges. Once you take the possession post that only think of going for consumer forum or any complaint else the developer will unecessary delay your possession and you will be in a catch 22 situation
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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