Refund of money rendered while booking a flat
Querist :
Anonymous
(Querist) 09 October 2017
This query is : Resolved
Dear Sir,
I had booked a flat at Andheri in 2015, with a reputed builder in a prime project comprising of six towers. I booked a 3 BHK flat in the proposed tower for which building work was yet to commence. I made 40% payment for that at that time. Builder issued me allotment letter and payment receipts. Builder has still not commenced the work for the same tower and is blaming market situations and asking me to shift to another tower. I don't want to shift to another tower and instead want my money back. Builder is saying he cannot return the money immediately and asking me to wait for one year or so to get the money back. He will pay in instalments. What should I do to recover the money with interest?
vswaminathan
(Expert) 10 October 2017
OFFHAND
May consider the suggestions shared on Facebook /Linkedin; and explore choosing the best out of the indicated courses of action open !
courtesy
Querist :
Anonymous
(Querist) 10 October 2017
Dear Sir,
I had booked a flat at Andheri in 2015, with a reputed builder in a prime project comprising of six towers. I booked a 3 BHK flat in the proposed tower for which building work was yet to commence. I made 40% payment for that at that time. Builder issued me allotment letter and payment receipts. Builder has still not commenced the work for the same tower and is blaming market situations and asking me to shift to another tower. I don't want to shift to another tower and instead want my money back. Builder is saying he cannot return the money immediately and asking me to wait for one year or so to get the money back. He will pay in instalments. What should I do? Kindly suggest the available options.
vswaminathan
(Expert) 10 October 2017
Querist ('Anonymous') may have to be be suggested to inform the Group Experts whether he , under external advice or otherwise, withheld from the payments said to have been made to builder, any TDS, and paid to the Government. If done so, that may have an added dimension, for the Experts to go into, for expressing any helpful view in the matter.
Over to the EXperts , should they have any other/different view /suggestion !
Rajendra K Goyal
(Expert) 10 October 2017
No advice from me to an author who is anonymous.
You can post the query in fresh thread with your identity and material facts.
