2+ Lawyers are online
Purchased flat in Bangalore but builder closed his company what to do
27-Oct-2023 (In Civil Law)
We have purchased flat in bangalore, The builder closed his company and missing from past 1 year, now, a new builder has taken over the project. 1. New builder asking for extra money for BWSSB, BESCOM and GST (our cost was all inclusive before) 2. first builder is the Land owner and a he is a defaulter in many banks (with civil, criminal and forgery cases on him) - if in case we agree to go with new builder what all new documents do we have to collect, Old builder is again one of the director/partner with new builder. 3. Size of the project is 500+ flats (i.e. 5 Blocks, 100 flats each) and only A block is 50% completed , rest nothing started. 4. any other way that we can come out of the problem (we all are paying EMI's to banks) please help
Sir,
Please look into the agreement between new builder and the old builder. Your new builder cannot seek extra amount from you. Moreover their personal agreement if any is not binding on you. In respect of the flat only the agreements, deed that have been executed is binding.
In your question your are saying that your earlier builder is missing and in the last but thrid paragrapgh you are saying he become the one of the partner with new builder.
1. I hope you already paid the amount towards the BWSSB, BESCOM and GST. Therefore once again the question does not arise.
2. No need collect new document. Here you need to verify the present transfer deeds between the new builder and the old builder.
3. Please go through construction agreement between your owner and other person who is the party to the said agreement. You are concern to your portion only. If it was already built its ok. If not you can challenge the same before any court of law.
Please contact any counsel to take legal action.
Helpful?
24+
24+
Adv. M Lakshmikanth Arya
Adv. M Lakshmikanth Arya
Bangalore / Bengaluru | 700+ Answers
Chat
Will be able to help in this matter with additional information, tell me whether old builder was a firm , or company, new one is a company or firm, what way old one was taken over? Whether your agreement with old company is surviving as per new company, what the taking over agreemrnt says about prices, buyers of flats?
Helpful?
19+
19+
Adv. S.K Prabhakar Shetty
Adv. S.K Prabhakar Shetty
Bangalore / Bengaluru | 1000+ Answers
Chat
- as per your facts first builder is the owner of the property so now how has the new builder has taken over the project the agreement which has given him the power s required.
- The terms and conditions of your agreement with your first builder holds good the new builder cannot amend the agreement terms.
- for violating the agreement terms you can claim for compensation and terminate the agreement.
Helpful?
16+
16+
Adv. Roopashree R. A.
Adv. Roopashree R. A.
Bangalore / Bengaluru | 100+ Answers
Chat
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 Divorce Lawyers at lawrato.com to
address the specific facts and details.
Connect with top
Civil lawyers for your
specific legal issue
No Comments! Be the first one to comment.
- Mere educational certificate or adar pen caste may father surname mism
- witholding transcripts and degree certificate
- Mismatch of father name surname in education certificate and adar pe
- Child birth certificate name after father's name changed legally.
- Child birth certificate name after father's name changed legally.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
