[vc_row][vc_column width=”1\/2″][vc_single_image image=”2891″ img_size=”full” style=”vc_box_border”][\/vc_column][vc_column width=”1\/2″][vc_column_text]Every property project launched after May 2017 or major construction activity was done after May 2017 need to have delivery date which is either mentioned in Agreement entered into between Buyer and Purchaser or mentioned in the prospectus of the project. But Builder delivers the possession of the property whether commercial or residential beyond the date as promised or agreed then it is delay in possession.<\/p>\n
You can file complaint against the builder\/ allotee \/ promoter with the concerned RERA Authority and ask for the refund with interest and cancel the purchase and get the compensation or claim compensation for the delay without cancelling the purchase.\u00a0 To be more specific, the following remedies can be sought:[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][apress_list list_title=”In case purchaser is not sure when he will get the possession and intends to cancel then purchaser may ask for the refund of amount paid by purchaser to the builder and claim the compensation required to buy alternate accommodation at the ongoing market value in the respective area. Claim interest on the payment made till date rate of interest will be as per the Agreement terms.” icon_family=”fontawesome” icon_fontawesome=”fas fa-check-circle” icon_size=”24″ title_font_options=”tag:h5″][apress_list list_title=”If the purchaser\/ complainant is sure to get possession of the property in near future or would like to continue with property then purchaser can claim interest for every month of delay, until the time of possession of the property.” icon_family=”fontawesome” icon_fontawesome=”fas fa-check-circle” icon_size=”24″ title_font_options=”tag:h5″][apress_list list_title=”The purchaser can claim compensation for the money that he will spend on an alternate accommodation like rent or lease.” icon_family=”fontawesome” icon_fontawesome=”fas fa-check-circle” icon_size=”24″ title_font_options=”tag:h5″][apress_list list_title=”The purchaser can claim compensation for loss of opportunity caused to the purchaser, had he invested his money elsewhere.” icon_family=”fontawesome” icon_fontawesome=”fas fa-check-circle” icon_size=”24″ title_font_options=”tag:h5″][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text]Disclaimer: The information provided under this website is solely for informational purposes should not be interpreted as soliciting or advertisement. We are not liable for any consequence of any action taken by the user relying on material \/ information provided under this website. It\u2019s not legal opinion in you have any legal issues then you must seek independent legal advice.<\/em>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]* Write up by Team Purple Pursuits, for more details you can reach to us info@purplepursuits.com<\/strong>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":" [vc_row][vc_column width=”1\/2″][vc_single_image image=”2891″ img_size=”full” style=”vc_box_border”][\/vc_column][vc_column width=”1\/2″][vc_column_text]Every property project launched after May 2017 or major construction activity was done after May 2017 need to have delivery date which is either mentioned in Agreement entered into between Buyer and Purchaser or mentioned in the prospectus of the project. But Builder delivers the possession of the property whether commercial or residential beyond the date as promised or agreed then it is delay in possession. You can file complaint against the builder\/ allotee \/ promoter with the concerned RERA Authority and ask for the refund with interest and cancel the purchase and get the Continue Reading <\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":2944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-2896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-write-ups"],"_links":{"self":[{"href":"https:\/\/purplepursuits.com\/index.php?rest_route=\/wp\/v2\/posts\/2896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/purplepursuits.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/purplepursuits.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/purplepursuits.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/purplepursuits.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2896"}],"version-history":[{"count":4,"href":"https:\/\/purplepursuits.com\/index.php?rest_route=\/wp\/v2\/posts\/2896\/revisions"}],"predecessor-version":[{"id":2940,"href":"https:\/\/purplepursuits.com\/index.php?rest_route=\/wp\/v2\/posts\/2896\/revisions\/2940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/purplepursuits.com\/index.php?rest_route=\/wp\/v2\/media\/2944"}],"wp:attachment":[{"href":"https:\/\/purplepursuits.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/purplepursuits.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/purplepursuits.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}