Hello,
I have book a flat from a Builder (in Mumbai on 1st July 2011) and paid 20% Amount (4 Lacs which includes booking also). I had told specifically that I intend to take Housing Loan for further amount. I filled that loan will be required in a Introduction Form of the builder also. His sales team agreed and said the registration process will start 2 months later and would be over soon and then the loan formalities etc. will be done.
But, there was delay in Registration of the Flats (of the upcoming project) on account of Builder. REGISTRATION PROCESS has yet not started. But after 3 months (ie. today), I received a Letter from the Builder that 50 % of Flat work is over and I need to pay 6 Lacs by 7 days otherwise 18 % interest rate will be charged.. When I confronted, they said... they didn't mean me... (BUT THE LETTER IS ADDRESSED TO ME)???????? WHAT IS THE NEED OF THIS LETTER? Besides, there is no delay etc. on my part... The matter is with builder, he needs to complete the registration process soon..........I will PAY ONLY after the registration is done and Bank sanction my HOUSING LOAN.......
Their Behaviour is disgusting.......callous....
Now, I wish to cancel my booking ....
When asked about cancellation formality, they said just write to them and attach the original Payment Receipts of the money (issued by them) and I will get refund in 6 Months.....Then, WHY 6 months..??
There was no agreement etc, on CANCELLATION rule/ procedure etc. Nothing wreitten/ recorded etc. on this matter. The Builder head Office is in Navi Mumbai Dist., Maharashtra.
Is there any Government Guideline etc. Any laws etc.??????
Please suggest.............