×

quesNon refundable investment by builder on project

I am a retired, salaried Army officer. All my dealings are in white. My wife invested in a 3 BHK, 1931 sq ft flat: Booking: Rs. 5,00,000/- on 29 Feb 2012; down payment: Rs 31,36,202/- on 01 Sep 2012. Receipt is held with me. Learnt in April 2013 that project has been shelved. Confirmed orally in May 2013. Since May 2013 efforts to get refund of investment have been in vain. In Dec 2013, it has been stated orally that it will bring up the project. I am convinced that they're lying.



I want refund of my investment at the earliest.

  • ansWhen the project itself has been shelved the builder is obligated under the law to refund to the prospective buyers the advance amount paid. You should sue the builder in the civil court to recover the amount paid after issuing through your lawyer a legal notice to the builder. The builder cannot escape his liability to refund the amount together along with damages. You may also file a criminal case for breach of trust and cheating against the builder in addition to filing a case for recovery.
    Do set the legal process in motion soon as the time limit for filing a case for money recovery has already started ticking.

  • Send a legal notice to builder for delay in construction @ Rs. 1999/- only


    Know More
  • Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Property Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
Consult best Property lawyers in India

Similar questions

We trying to get injunction order in a property case from High Court. I would…
I am from Hindu family. My Grand Father has made a will (notarized) in which…

how to speed up the process to get the final judgement? Civil revision pettion no.2877/2013…

The property was on the name of My grand mother she died in the year…

Property Lawyers in India

Advocate Arjun Vinod Bobde

  Supreme Court of India
 Experience: 16 years


Advocate Prashant Mendiratta

  Lajpat Nagar 4
 Experience: 24 years


Advocate Prabhjit Jauhar

  Connaught Place
 Experience: 20 years


Advocate Dr.Gubbi S Subba Rao

  K G Road
 Experience: 31 years


View all >>

How it Works

Know how LawRato makes legal advice easier and effortless

Ask a Free Question

Post a question and get free advice from multiple lawyers

Talk to a Lawyer

Easily find and book private consults with top lawyers in India

Get Fee Estimate

Receive multiple quotations for your legal requirement instantly