Hello Sir/Madam,
I had booked a flat with a builder in Gurgaon and they are unable to start the construction. We paid Rs. 26 lacs and have all receipts and BBA. Due to that the builder is not able to construct the property, we asked for our refund, which they have agreed too. But they are asking to refund the money in 13 monthly installments.
For which they are asking us to sign a Settelement Deed and asking us to return all original documents to them. Also they are asking for undertaking from us that we dont have any disputes and overdue with the builder after signing the settelment deed.
Pls help and guide us in this matter on following questions :
1) Should we return the original documents to them?
2) Pls advise is there is any settelement deed format for such settelement where the investor is not getting the full refund in one shot?
3) In case any cheques is dis-honored, what can we do legally?
Pls help.
Best Regards,
Dheeraj Raghav
