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Payment of Delayed Possession Penalty on a Flat Purchased in Resale

Last updated: April 6 2019
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  • Payment of Delayed Possession Penalty on a Flat Purchased in Resale

    Hello, I have purchased a flat in 2015 from a seller who was the first allottee (he had purchased it in year 2010) At the time of Purchase the flat was under construction. The allottment was transferred to me by the builder and NO transfer fee was charged. My name was endorsed on the original BBA. The flat was supposed to be completed by June 2016, but completed in Dec 2018, it is delayed by more than 3 year. The BBA says that delayed possession penalty of Rs. 10 psf will be paid to the buyer. But now the builder says that in case of resale, no such penalty is paid to the second allottee. However the BBA does not have such a clause. Can I still challenge this in courts? Can I still get the penalty amount? What legal remedies do i have?
  • #2

    #2

    Re : Payment of Delayed Possession Penalty on a Flat Purchased in Resale

    Can u name the Builder & the Project? An thread may already exist on the Project and there could be other members facing similar issues. If an thread on the Project exists already, this thread would then be required to get merged with the original existing thread .
    Please read IREF rules | FAQ's

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    • kswayam
      kswayam commented
      Editing a comment
      Thanks for reply, the project is of Cloud9 Vaishali promoted by Adi Best Consortium.
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