Builder delaying handover, delayed construction
We had booked an under construction property in 2009, its been almost 7 years and the builder has not handed over the flat. The current status the flat is almost ready- without electricity connection and plumbing. Its a multi-storey building, and only one lift is provided with manual operation, other lift only the trench is there, no lift. There are few people in building who have taken the keys and done grah pravesam. But for those flats the builder has not provided completion certificate. We have been perusing the builder for very long time, and every time he has given us revised dates.
We have lost our patience with the builder and have currently formed a buyers association with about 100 + people in the complex, there are about 500+ flats(we are yet to get others contacts). Most flats in the complex are in varying stage on construction- such as flooring not completed, plastering not done etc. All the floors are constructed. Most people have taken bank loans and banks have disbursed almost 99% of the amount since all the floors are constructed. But it is not in liveable condition.
Builder is not even talking about the common amenities such as garden, multi purpose hall, gym etc. which are promised.
The builder has already few cases against him for tax evasion ( he was put in custody for the same, out on bail) and other cases. There are lot of creditors who are behind him. His other properties are also stalled
Please suggest how do we take this forward? We would want to see returns on our hard earned money invested and finally move into a self possessed home.
There are few things which we see as risks and hence have not taken a legal approach yet.
1. Builder putting the project on hold since we have gone legal
2. Legal verdict / consumer court verdict taking a long time - serveral years more to our agony.
3. Most legal battles go towards compensation - but we want our flats first and then compensation for all the mental agony we have gone though these years.
4. Legal charges would be heavy
We understand from online research that there are some options such as consumer court, legal case and class action. But also understand that there are several such cases pending to be heard and resolved. We do not want to wait for ever to get a verdict and pour more money in this.
Kindly suggest the approach we should take to get a quick resolution.
Asked 8 years ago in Property Law
Religion: Hindu