A delay of 6-12 months is quite common, but anything beyond that is a cause for concern, and may cause financial loss to you.
In this case of considerable delay, you should file a consumer complaint for ‘deficiency in service’ as defined under the Consumer Protection Act, 1986 against the builder.
1. Claim the money required to buy alternate accommodation at the ongoing market value in the respective area. The purchaser can also claim the money given to the builder.
2. Claim interest on the payment made till date.
3. If the purchaser/ complainant is sure to get possession of the flat in a few months or years, he can claim compensation for the money that he will spend as rent on an alternate accommodation. This will be applicable if he is a first-time home purchaser, or if his building is being redeveloped.
4. The purchaser can claim damages for loss of opportunity caused to the purchaser, had he invested his money elsewhere.
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