You are advised to first issue a legal notice to the Builder stating that he is delaying the project which causes you mental , physical and financial loss and for which why not he should conpensate with the some regular penalty till the offer of the possession is made to the investors according to their payment made as it is a case of misappropriation of the invester's money also you can file a police complaint against that builder for utilising your money for other than the project objectives. If the case willbe of more than 2 carore cumulative amount of all the investers the police complaint will be reffered to Economic Offence wing of the crime branch and a FIR under sec 406 and 34/120 B will be registered against the builder.
Advise; always take assistance from an experienced and well educated Advocate of the field.
You well can see my credentials on my web site www.anandbaliandassociates.com ; plus at many other independent internet sites of India such as on Pathlegal.in, LawyersclubIndia.com; Justdial.com; Kaanoon.com.; Lawsolva.com; Linkedin.com; Legalindia.com; Myadvo.com; Just Dial.com & Sulekha.com; plus many more .
Please visit www.anandbaliandassociates.com
With Regards !!
Anand Bali, Adv.
(B.Com., M.A., LL.B., M.B.A.)
Supreme Court Of India