Miscellaneous

Hi All,

We bought up a flat in Comfort zone, Balewadi,Pune. We booked the flat in month of December 2007 and builder assured us to give the possession till March 2009. This construction is build by builder named Aditya and Shagun developers.We applied for a home loan to HDFC bank, as we're abroad, we gave power of attorney to my father to process the loan. In the process of loan sanctioning there was a delay of about 1.5 months (as the builder was dependant on the bank for the loan money), during this the builder forced us to complete the aggrement process, which we did . We paid 94 % of payment out of 53.06,000 /- after execution of agreement i.e. by end of June 2008. It is January 2010 now and we are asking for our possession of the house (which the builder was suppossed to give in the month of March 2009) Buildr refused to give possession & is demanding Rs 89,000 /- as a penalty towards delay payment in loan sanction period , they are not giving us anything in writing and also not ready to give us the possession without paying the amount (all is in verbal communication done by the builders appointed sales person). They have given physical possession to other flat holders and builder is telling that we will not ask you to take the possession until completion certificate is received from the corporation . In the agreement it is mentioned that after 24 months from the date of agreement the builder is responsible to pay 9% delay charges . The date of agreement is 29 th April 2008 .

Does anyone in this forum encounter the same problem?

Can anyone please suggest some action against the builder or what steps should i take ?

Thanks and Regards,