I want refund of booking amount with interest from builder
I applied and booked for a 3 B.H.K. flat in Palwal sector 5 Haryana, in Prelaunch scheme through Era buiders in November 2012.They promised to build the flat in three years. I paid the booking amount 1,75000 Rs. and next two installments which were 1,57000 and 1,64000 Rs. in the interval of 45 days. I paid all this amount through cheques. I have receipts of amount given. But since no work started, no unit allotted, and the builder did not inform me about the project. I talked to them and they replied the project is on hold and don't know when it will start. There was a clause in registration form that 7% interest would be given if no information is given to buyer or no work starts within one year or if the project cancels.
They suggested me to cancel the booking and apply for refund. I applied for refund and cancellation in June 2014 as per their rule and they promised to refund in two months with applicable interest 7 % in this case. I submitted all the details to them.
But it is almost one year has passed they have not refunded any money. Every time I ask they excuse they don't have fund and refund process will begin in 2 months. I am fed up with all this. Please advise what should I do in this situation to get my hard earned money back ? Should I wait or file a case? How should I file the case? Please advise
I know some persons who applied in this project and want their money back too. Should we expect we will get back the refund?
Thanks and regards
Vipin gupta
Asked 9 years ago in Civil Law