How to cancel a flat buyer agreement by the buyer
I signed a registered agreement in Himachal Pradesh to buy a 3 bedroom flat in August 2017 on a 3 year payment plan. I have made all payments on time. The possession date was in December 2017 with a grace period of 1 month. The builder has now changed his attitude now and is not replying to any calls etc. We went to check the apartment today and no development of the apartment has been made from the day I bought it. The developer is behaving in a very rude way and also asking for 12% GST on all payments made by cheque.
Until now I have paid a token amount of 1 lakh, at the time of agreement 10 lakh and 1 installment of 6 lakh , 12% GST on all payments and 1 lakh for transformer. The developer refuses to reply to any of my messeges or talk to me , if he does talk it’s in a very rude manner and mostly harasses me or threatens me by saying he will not give me the possession until al payments have been made.
As per the agreement , possession is listed in December 2017 with 1 month grace period.
As I am a NRI, I can’t come to India again and again to keep a track of the development etc so I have decided to cancel the agreement.
The developer says that he will forfeit the entire booking amount of 10 lakh (at the time of agreement) + 1 lakh ( token) , however no such Claus is mentioned in the agreement. The only clause regarding forfeiting the booking amount is if the buyer defaults on the payments. No specific booking amount is mentioned in the agreement . 10 lakh is started as the amount paid at the time of agreement.
I have 2 questions -
1. What are my legal options to cancel the agreement? My address in the agreement is my address in Denmark as well as my address in patiala.
2. The gst is applicable on property under construction , if I get the possession in January as per the contract, is the gst still applicable for the remaining payments?
Please note that it’s a 99 year old lease flat because a non resident can’t buy land in Himachal, only lease
Asked 8 years ago in Property Law
Religion: Sikh
What I meant to ask is If there is any legal way out of the agreement citing any other reason because I don’t want to buy that flat anymore due to the builders attitude. That was my holiday home and I don’t want to buy it anymore there (the builder also lives in the neighbourhood in the same apartment building)
As the agreement has no Exit Claus there must be some law concerning buyers who want to cancel an apartment sale , before the registeration.
Asked 8 years ago