• Builder defaulting on a buy back clause which is stated in the contract.

We were sold an apartment with the clause of a buy back from the builder at a higher price per sqft. Thinking it was a good deal, we took it. After the construction of the flat, when we proposed they buy the apartment back, they didn't budge. They also stating that they're not able to find a buyer (which is not our concern). The clause doesn't state that they need to find a buyer first. Now the builder is stating that the buy back is out of the question and not possible which we have in an email as proof. How can i take this forward legally and in the most effective way possible?
Asked 7 years ago in Property Law
Religion: Christian

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9 Answers

Issue legal notice to builder to buy back apartment as agreed upon 

 

2) rely upon email exchanged with builder wherein he agreed to buy back apartment 

 

3) if builder refuses file complaint against builder before consumer  forum and seek orders to direct builder to buy back flat from you 

 

4) seek litigation costs and compensation for for mental torture undergone by you 

Ajay Sethi
Advocate, Mumbai
99775 Answers
8145 Consultations

1. This is often a trap to entice gullible buyers like to you to purchase such property in which buyers are hard to come by.

2. Anyway since there is written proof of it you have good remedy whereby you can file a case before the consumer forum wherein you will full refund with interest along with enough damages and compensation keeping in mind the commitment they made at the time of making agreement with you.

3. So meet an advocate and file the case as sated above.

Devajyoti Barman
Advocate, Kolkata
23653 Answers
537 Consultations

If you are Consumer then you can approach Consumer court else you need to file civil suit for specific performance or breach of contract

Prashant Nayak
Advocate, Mumbai
34514 Answers
249 Consultations

You need to file a civil suit for specific performance of agreement in the Civil Court in this regard to compel the Builder to perform as per the agreement and take back the property after payment on the agreed terms and conditions

Vimlesh Prasad Mishra
Advocate, Lucknow
6851 Answers
23 Consultations

You can file a complaint in district conaumer forum but before send a legal notice through an lawyer. 

Mohammed Mujeeb
Advocate, Hyderabad
19325 Answers
32 Consultations

You need to file a suit for the specific performance of agreement for the clause of buy back. You need to serve a legal notice first then if builder fails a suit of specific performance can be filed.

Shubham Jhajharia
Advocate, Ahmedabad
25513 Answers
179 Consultations

Dear Client,

Such clause has no legal validity, you have been cheated by including this clause to cajole you to purchase the flat.

Is this clause is in sale agreement or sale deed ?

Yogendra Singh Rajawat
Advocate, Jaipur
23079 Answers
31 Consultations

Until and unless there's a registered agreement between you and the builder on this you cannot enforce such issues through court of law.

Alternately you may issue a legal notice on this to the builder on the basis of email evidence , if he admits it then you can proceed legally or else you may have to wait for the time to answer.

T Kalaiselvan
Advocate, Vellore
89977 Answers
2492 Consultations

This clause was in the contract and hence he is bound by it and has to honour it. Send him a legal notice and if he does not respond then file a complaint against him in the state consumer disputes redressal forum.

Regards 

Rahul Mishra
Advocate, Lucknow
14114 Answers
65 Consultations

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