compansation / interest for delay

suren (Querist) 17 September 2009 This query is : Resolved
Hi experts,

I seek your guidance that in Maharashtra State whether Builder is supposed to pay Interest / compensation for delay in his project ie delay in handing over possession of flat ?

Kindly also tell me GR / Notification / Rule in this regard

Thanksriven

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DD Sathe (Expert) 17 September 2009
Contract with the builder will govern.riven

adv. rajeev ( rajoo ) (Expert) 18 September 2009
Good Morning,
If there is an agreement inrespect of this, then builder will have to.riven

Raj Kumar Makkad (Expert) 18 September 2009
Generally anyone making deficiency in service or violating the terms of the agreement is liable to pay compensation and Maharashtra is no exception to this general rule,however, it shall be better to go through the agreed terms and conditions. I advise you to contact any local lawyer with complete documents and act according to his advice.riven

B.G. Gatla (Expert) 18 September 2009
It is true that the parties are governed by the covenants of contractriven

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