Bought a flat builder not doing registration society asking to vacate
22-Nov-2023 (In Property Law)
We had purchased a flat in a society in Faridabad and received the possession of our flats in October 2015. Since then we have been chasing builder for registration of our flats but builder keeps postponing the registration dates. Now, our society has received a notice from one of the government banks to vacate our flats in next 60 days as builder had defaulted on payment of loans of around 104 crores which had taken against our flats before offering possession to us. In the above said situations, we as residents are being victimized for the default of builder. Please suggest what are our legal options we could exercise to get the registration for our flats as well as prevent us from being victimized for the crimes of a builder default.
You should file a suit for mandatory injunction against the builder as well as the bank for seeking relief to get registration of the flats in your favour and directing the builder to return the loan amount to the financer bank.
Furthermore, seeking relief against the bank to recover the loan amount from the builder as you are in actual physical possession of the flats since October 2015 after depositing the entire costs of the flat.
For any further queries,feel free to connect.
Regards
Furthermore, seeking relief against the bank to recover the loan amount from the builder as you are in actual physical possession of the flats since October 2015 after depositing the entire costs of the flat.
For any further queries,feel free to connect.
Regards
If the builder has offered and handed over possession, it must done so after taking the last installment of property purchase price due from you, as well as after taking the regiateration realted amounts.
In such a case, you and all other buyers are duly compliant, the default has been committed by the builder. You as buyers cannot be penalised by anyone Including the bank.
File a case with the Economic Offence Wing and if there is any threat regarding you facing any legal/coercive action through the bank, seek an injunction from the court.
In such a case, you and all other buyers are duly compliant, the default has been committed by the builder. You as buyers cannot be penalised by anyone Including the bank.
File a case with the Economic Offence Wing and if there is any threat regarding you facing any legal/coercive action through the bank, seek an injunction from the court.
In that case we have two option first is we can lodge a FIR against the Builder for cheating and etc under the Penal Code. Second we can file a suit for injunction against builder and bank and get restrain order from court against them.
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.
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