Chennai | 16 Nov, 2019 (2 months, 1 week ago)

Property Law

Builders give home buyers one deadline and RERA another to avoid penalty

I have booked a flat on June 2019 , At that time when my agreement was executed(June 2019),project was registered under RERA and had a completion date of 09, Oct 2019.In Rera official website also same has been updated. They have failed to deliver the flats till now (Nov 2019) with a lot of construction still to be done. Now the Builder got a extension from RERA for 1 year till Oct 2020. I bought a home loan and already i am paying interest around 6 months. Builders are not ready pay the interest too. Due to this extension, I have planned to cancel my booking. But the builder is saying you are layable for 20% cancellation charge from so far paid amount. In agreement one date is mentioned, but RERA given another deadline, then who is responsible for loss of buyers. Kindly suggest
Answers
16 Nov, 2019 | 15:07

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Asker 18 Nov, 2019 | 10:49

Kindly post any high level suggession.

builders-give-home-buyers-one-deadline-and-rera-another-to-avoid-penalty-5318984

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