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Delayed possesion by 7 years still no OC
20-Mar-2025 (In Recovery Law)
Possesion delayed by more than 7 years as per the sale deed, soft possesion given in 2022 with no amenities and no proper finish.
Only 10% amount pending to be paid. Now builder asking to pay the balance amt with high penalty also development fees and maintaineance fees for past 4 years with penalty. Still no visibility of possesion
Your situation involves a serious delay in possession beyond the agreed timeline in the sale deed, along with additional unfair financial demands from the builder. Given the circumstances, you may consider taking legal action under the Real Estate (Regulation and Development) Act, 2016 (RERA) or filing a consumer complaint for deficiency in service. You can issue a legal notice to the builder demanding possession and challenging the penalties and maintenance fees levied without proper justification. Additionally, if there is no visibility on possession, you may claim compensation for the delay and seek refund options. You may consult me for further legal strategy.
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Adv. Devang Manjrekar
Mumbai | 100+ Answers
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Well, you can file a case before the RERA Authority to seek compensation on the ground of Delayed Possession. You can either get your full investment aback along with interest to withdraw from the project or you can keep on getting interest on monthly basis until receiving possession of the flat in which you have invested.
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Adv. Pankaj Bajaj
Mumbai | 1000+ Answers
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