- As per law & RERA Act, if the builder is delaying in construction & delay in possession or in registration , then the builder will have to pay 10% interest on the value of the property for delayed possession of flats.
- Hence, if builder fails to delivers the possession of the flat to you on time, then you can cancel the agreement due to his fault and you are liable to get full refund of paid amount with 10 percent interest.
- Further, if you get the possession of the said flat lately, then also you can claim 10% compensation from the builder.
- You can send a legal notice to the said builder for executing sale deed in your favor , and also ask him to pay the extra amount paid by you due to delay in registration.
- Further, if no response, then file a compliant before the Consumer forum against the builder for the registration of the sale deed , and to claim compensation for mental harassment.