1. Can they hold the construction after getting the earnest money. I mean what is the time frame of getting it started.
If there is no time stipulated for this purpose you may have to verify the same from the other sources only.
2. What is the meaning of the grace period, because normally they are bound to give the property in 3 years. When they are eligible to take the relief of grace period.
The grace period is the extra time to adjust the unforeseen events like calamities whether natural or man made or any other unavoidable situations due to which the delay is likely to be caused.
3. When it can be clearly seen that they will not be able to complete the construction till June 2016, even if we take start of construction Dec-12 as per them. As in last 3 years they completed only 50% how can they be able to complete balance 50% in next 9 months. Why cant we get it cancelled right now, instead of cancelling the same after 9 months even after loosing more money on account of interest to be paid in next 9 months. I mean what is the remedy available for consumer.
Legal remedy is given in the terms and conditions of the sale agreement, a copy of which is held in your possession.
4. They have mentioned in sale agreement that allotte will not be paid any interest if he cancels the flat in case of default of builder. But allotee has to pay interest if he fails to pay timely payment to builder.What is the remedy available for this.
You may have to revisit the conditions to properly understand the terms, it will be injustice to say so hence the same cannot be held legally valid.
5. Last most important builder showed us videos showing direct approach from highway to his project , which he has unable to give till now.
The builder cannot make his own rules on this aspect, do not get cheated by such frolics or gimmicks, it might be a sales promo ad.