Dear All,
I have booked a flat and indenture recording an agreement was executed on 12/05/12. There are five blocks in the project. The construction of my block was started around November 2013. Now in my block the builder have completed half portion. The place where my flat stands the builder have completed foundation only. On approaching him for signature on Tripartite agreement the builder is asking for 50% payment of the cost of the flat.As per agreement I have paid 20% of the total amount at the time of execution of indenture recording an agreement. Now as per agreement I have to pay 10% of the balance amount on completion of foundation, but the builder is asking for 50% of the amount due. The bank has also sanctioned my loan and on talking to the bank the bank is not agree to do 50% payment. The builder is asking me to cancel the agreement which I do not want. He also refused to sign tripartite agreement with bank. He has not given anything in writing regarding the 50% payment.
Pl. advice what can I do in this case.
