Delay in construction

Vikas (Querist) 13 November 2016 This query is : Resolved
Hi to all,
I had booked a flat in morpheus pratiksha project in noida in 2013, there is significant delay in the project. They have build up only one tower out of 5 towers. I find Construction work stopped all the time when i visit the site. I am affried wether if builder will be able to complete the project on time or not. Plz advise if builder says that he has not money to complete the project or run away. Will my money also be gone or govt. Has any rule to recover my money. When i told them that i want my money back the he said they will charge 10 percent of total ammount and will be paid after 6 months. Plz advice should i wait or take my money back after deduction.

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Guest (Expert) 13 November 2016
Any purposeful opinion can be made only after examination of your agreement with the builder.

Ms.Usha Kapoor (Expert) 14 November 2016
Agree with Dhingra Ji.

Rajendra K Goyal (Expert) 14 November 2016
Discuss with local lawyer and show all documents / agreement to him.

Have you send formal letter asking your money back, if the builder is not refunding as per provisions of agreement, file consumer complaint demanding compensation, interest, principal etc.

Also may file criminal complaint.

adv.bharat @ PUNE (Expert) 14 November 2016
Agreed with expert opinion.

Ms.Usha Kapoor (Expert) 15 November 2016
AGREE WITH EXPERTS.

Rajendra K Goyal (Expert) 15 November 2016
Thanks for agreeing with me.

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