Dear Legal Experts ,
I had booked a Flat in under construaction buiding in October 2011 in Bangalore. At that time builder told me that Loan is approved from major banks and there is no issue with Property documents. I paid 6.5 lakh as advance amount on 15 Oct 2011 and signed a sale agreement on a e-stamp paper. But in next 2 months builder was not able to process my loan in any bank due to some technical/legal issue. After seeing that Loan is not going to be processed, I asked builder to refund my advance amount on 25 december 2011. After continuous follow up, he gave me interest of Rs 26,000 on 10th Feburary and Rs 1 lakh on 27th March 2012. But after that he is not attending my phones regularly and delaying the payment saying that wait for 10-15 days. Everytime he will say that he is waiting for some money to come.
I want to know what are legal options I have. Should I wait more or should I file a case against him. What will be expenses involved if I file a case against him. Please adviseme as I am stuck with this builder for 9 months now and I want to get out of this mess.
Thanks and Regards,
Arvind V