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How to terminate the builder and appoint a new one for redevelopment
08-Jun-2023 (In Property Law)
Rite Developers was appointed for redevelopment of Gumphadarshan CHS in 2012 & promised 35% extra carpet area, but still no work started due to delay by him. He has now given a written letter that due to increase in ready reckoner rates & stamp duty, the project has become unviable for him. He has asked for reduction of area to 30% or pay 4 lakh per member to get 35% area. Committee members always speak in favour of builder, maybe they have a vested financial interest. They convince the old members that bldg is dangerous, though there is no BMC notice. How should we appoint new builder?
Your relationship with the builder is governed by the agreement between you and the builder. If there is a clause in the agreement that state that the parties can terminate the agreement on failure to perform the terms of the agreement by the other party then you can do so. The builder cannot force you to sign a different agreement.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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