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Is buyer liable for delay penalty in case of Subvention Payment plan
04-Jan-2024 (In Property Law)
I booked a unit in Noida under subvention scheme in 2015. Unit was to be delivered in June 2018 but the builder offered possession in May 2022. Kindly suggest will I be able to claim Delay Penalty from Builder under RERA
Yes, you can. Delayed Interest+ Rent+Legal cost.
May file yourself or through any Advocate. Enclose all the documents like Agreement, receipts, loan Agreement, etc.
However 6 months during 2020 COVID time is exempted from any penalty
All the best
May file yourself or through any Advocate. Enclose all the documents like Agreement, receipts, loan Agreement, etc.
However 6 months during 2020 COVID time is exempted from any penalty
All the best
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Adv. Gyan Prakash
Noida | 200+ Answers
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Yes you have a right to file a petition of delay penalty along with interest as well as compensation under Rera act. Kindly assure that builder has offered a legal and lawful possession. in some cases builder gave possession after receiving the partial occupancy certificate and completion certificate
Helpful?
Adv. Deepak Saini
Noida | 25+ Answers
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