Home/Legal/I have purchased a flat and I should have got possession 3 years before but still I am paying EMI because of threat of recovery people what shall I do.
Q.
I have purchased a flat and I should have got possession 3 years before but still I am paying EMI because of threat of recovery people what shall I do.
As the buyer of the property, you can file a case and send legal notice to the builder for delay in possession under the RERA Act, 2016 or transfer their case from a CDRC to the State Real Estate Regulatory Authority. According to this Act, the builder will have to pay 10% interest on the value of the property for delayed possession of flats.
Aggrieved home-buyers can approach three forums for resolution of their grievances:
1) Real Estate Regulatory Authority (RERA)
2) Consumer Forum
3) National Company Law Tribunal (NCLT)
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I have purchased a flat and I should have got possession 3 years before but still I am paying EMI because of threat of recovery people what shall I do.
Dharmendra Yadav
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September 10, 2020
2020-09-10T07:21:45+00:00 2020-11-11T18:47:00+00:00Comment
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