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Curious Sam (Self)     13 March 2018

Demand note for payment from builder

I have bought a flat in a project under RERA.
I received a demand note for payment, but I am unable to make the payment for a few months.
What can happen?



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 2 Replies

R.Ramachandran (Advocate)     13 March 2018

What does the terms and conditions contained in the Agreement that you entered with the builder, say on this aspect

Curious Sam (Self)     13 March 2018

Originally posted by : R.Ramachandran
What does the terms and conditions contained in the Agreement that you entered with the builder, say on this aspect

The terms and conditions mention that there is a possibility that the builder may refuse to grant an extension to pay. But, that was pre RERA. What is the law under RERA? Besides, how easy will it be to get a stay order if that happens.


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