Builder cancelled the plot due to delay in registration
I booked two plots in Bangalore with one builder in mid 2012 with 25% down payment. Builder promised me that they will get all approvals from BMRDA within 6-9 months and then we can go for registration. I applied for an bank loan for the rest of amount and my loan got approved. After that whenever i was asking about the registration, they keep telling me this will be done in next 3 months. Builder got the BMRDA approval for 60% of plots in 2014, but my plot was not there in that 60%. Builder ask me to wait for some more time. In meantime, i moved from Bangalore to Germany. In Feb 2015 end , builder told me that we are ready for registration. I get this after 2.5 yrs of waiting, i checked with hdfc bank and they told me that your loan is not valid as you are an NRI now, so you have to apply again for loan as an NRI. I applied again and it took me around 1.5 month to get loan approved. Just 2 days before the loan get approved, builder sent me a mail that either you register today or we are canceling your plot, i asked them to wait for a week, but they canceled my plot and now builder is not ready to register and offering me my 25% initial money back. Please suggest me what can i do here.
Asked 9 years ago in Property Law
Religion: Hindu
Thanks for the valuable answers.
I do not want my initial money back, as the prices are increased by 70-80%, and i will be in big loss.
I also offered interest to the builder on the delayed 1.5 month from my side.
I have all my communication in mail with the builder.
Presently i am in Germany, can i file a consumer complaint forum without me physically present there?
Asked 9 years ago