Mumbai : Can Developers Demand Payments by Breaching the Payment Schedules?

2 Replies627 ViewsLast Reply: 4 years ago
agnelo
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Started 4 years ago
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Can builder raise demand for windows/external facade/partition walls/block walls when only 20 floors out of the 70 floors are constructed. The payment schedule as per the registered agreement for windows/external facade/partition walls/block walls is the second last payment, after RCC work for all floors is completed. currently LODHA allura in the park is at the 21st floor with 50 more to be built.
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  • classic2404
    Moderators
    4 years ago
    Originally Posted by agnelo
    Can builder raise demand for windows/external facade/partition walls/block walls when only 20 floors out of the 70 floors are constructed. The payment schedule as per the registered agreement for windows/external facade/partition walls/block walls is the second last payment, after RCC work for all floors is completed. currently LODHA allura in the park is at the 21st floor with 50 more to be built.


    Hey syravi; Do you have any information based on the above query? It would be great if you provide some inputs. thank you. :)
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  • Freddymyson
    Member
    4 years ago
    Looks like the builder wants to get hold of some cash flow.........angelo you should be really worried....... good luck if the building get completed in 5-6 year time frame. ;)
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