Flat Purchase Agreement

Why you become agree over this term at the time of execution of the agreement. Everyone knows that prices of the labour shall increase at the time of delievery of possession but getting the cost of house increase at time means arbitrariness then why not to issue possession at this time? Cost is calculated keeping in view future escalation of all factors so developer has put this terms for his own benefit but where are the purchasers sleeping? why dont they make hue and cry not to acept this term before executing the agreement????

Dear Mr. Makkad,

I am very grateful for your instant reply. Probably I was not clear above, I have not yet "signed" this agreement and still reviewing it. There are many clauses that seem quite biased to me. This one is foremost amongst others. And yes, I will make "hue & cry" before executing the agreement.

Infact, I not being an expert in law, would greatly appreciate if someone can review the whole agreement and revert back to me, as regards to what clauses are unduly biased towards the builder. I am even ready to compensate for this help....

shlok! you may contact me at my cell no. 09416058227

 iagree with mr. makkad. this is  price escalation clause . price may increase  at the time of possession. you do not agree  for this clause.

I am into similar case. Is there any indian law/constitution to put ceiling limit on escalation cost asked by builder during possesion? Or they can ask any amount, let's say double of total cost of property.

Can builder be so unrealistic?

If they, I hope we can file a case against them, and they can't forfeit earnest amount till case is resolved.

Can they dominate like this?

I would have come out of it, but I have already paid 20%, and builder is not refunding it back. Resale is also not opened. My money is trapped in one way or another.

Lastly, no one else is raising their voice against this.

Please let me know any related cases and judgment.