You can apply for the revision of the order in the RERA again and ask for the updation of the date from Jan 2016.
Rera has sent this email "The developer is hereby directed to pay the interest @2% above the MCLR of SBI on the respective amount paid on the respective date commencing from 13.06.2017 till 09/05/2018" My investment is from a period 2013 till 2017. However the builder has interpreted the above email and paid interest on money paid between 2017 and 2018. The completion date was suppose to be in Jan 2016. Please advise
You can apply for the revision of the order in the RERA again and ask for the updation of the date from Jan 2016.
Please approach RERA again and file application for reading minutes of order with the background of your investment wayback 2013 and submit it for clarification of order with respect to initial invest with principal amount.
Hello,
1. IF RERA order specifically mentioned period from "13.06.2017 till 09/05/2018" THEN builder is liable to pay for this period.
2. You may have to petition RERA again for modification of order, giving exact precise prayer of periods for which compensation is sought.
You are entitle to interest from 2013 to date of order. Approach consumer court. RERA has ordered interest for one year only.
A. First you have to verify the order passed by RERA in this regard and can appeal the same before Appellate Court if you have not satisfied.
B. In order to claim compensation towards delay in delivery in any cases that the builder is liable to pay interest from the date of commitment including grace period which was given by them towards the delivery of possession in terms of the Agreement. Hence computation of interest is applicable from the date of commitment it cannot be reckoned from the date of booking or agreement.
You have approached an authority seeking certain relief.
If you have not clearly mentioned about the details of relief then you cannot raise an objection over the decision.
However if you aggrieved over the decision then you can prefer an appeal over the decision before the RERA appellate tribunal and seek clarifications and remedy.
If you are not satisfied with the action of the builder inform the same to the rera or file an execution application.
Regards
- As the said order of RERA is not favourable , then you can appeal against this order.
- Further, you can also approach Consumer Court as well.
Under Section 43 of the RERA Act, 2016 any person aggrieved by an order passed by the Real Estate Regulatory Authority (RERA) can file an appeal. Such an appeal must state the grounds of fact and law on the basis of which the RERA order is challenged.
A legal notice must be sent to the builder and the RERA tribunal must also be informed of the lapses on the part of the builder and he be advised to either pat within time or file an application for issuing a recovery certificate.
Dear Sir/Madam,
You are suggested file the execution petition in the RERA for recovery of the amount from the developer.
Builder is liable to pay interest for period mentioned in the order that is from date of commencement 13.06.2017 to 09/05/2018.