I have booked a flat in Bangalore from a reputed builder in Apr'14.
The possession date in sale deed is mentioned as Apr'16 with 6 months of grace period.
I have taken loan from a bank and got the bank disbursed the amount whenever builder sends me the demand notices without any delay.
However, As I was concerned about the CC (Commencement Certificate) without which applying for OC (occupancy certificate)might be very difficult , I repeatedly asked the builder if they have applied and get CC for this project. When the builder didn't give any response I hold the disbursal amount for 3 months and continuously asked for any kind of proof that they applied for CC. But even after that the builder didn't shown any CC to me.With no where to go I finally released the payment.
Now, the project is delayed by an year and seeing the slow progress and talking to engineers on the site it is very much evident that it will take minimum 1 year to complete the project.
When I am asking the builder to pay me the compensation amount mentioned in the sale deed (which is very less ie. 5K/month) they are not agreeing to pay anything citing the delay which I made during CC issue. At this point of time already 90% of the amount is disbursed. I have come to know that for new buyers the builder is giving Oct'17 + 6 months grace period as possession date.
There are 50 such flat owners whom I know from the same project which are in similar situation.
Is there any way we can compel the builder to pay home loan interest or the rent we are paying or atleast the 5k mentioned in the sale deed.
Can the builder delay the project forever citing the reason of delay in payment.
Thank You.
Asked 7 years ago in Property Law
Religion: Hindu
Thanks for the answer.
Specific to my situation as mentioned earlier that I have delayed the payment from my side for 3-4 months as builder has not applied for CC of the project.
Does this fact could weaken my case to seek compensation for the delay by builder.
I have already tried setting a meeting with the builder but he is not ready to meet.
What should be my first step to seek compensation.
Asked 7 years ago