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Deal cancel by builder

(Querist) 06 June 2012 This query is : Resolved 
Hi, I have booked 1 BHK flat at Daange chowk, chinchwad, Pune. the agreement cost of flat is Rs 1150000. and the deal was committed for Rs 1600000. Now after paying 1100000 and passing 8 months. Builder wants to cancel the deal and wanted to give us money back whenever possible for him.... the current cost of the flat is Rs 2000000. We have only made a legal agreement as of now and no other documentation done. Please advice how i can deal in this situation... Thanks
Amit
adv. rajeev ( rajoo ) (Expert) 06 June 2012
The legal agreement means is it regd., agreement of sale? If it is so then issue legal notice to the builder to execute the regd., sale deed, if failed then file a suit for specific performance of contract. Averment in the notice is very iportant for this you contact your lawyer.
Adv.R.P.Chugh (Expert) 06 June 2012
Dear Querist,

Since there was a contract (agreement - registered or unregistered) - which is being violated - in light of escalation of prices. Without further delay - send him a legal notice right away through your lawyer and then follow up with a suit if necessary to reap the rightful benefits of prudent investment.

Feel free to talk !
Nadeem Qureshi (Expert) 06 June 2012
Dear Querist
I agree with Mr. Rajoo
Shonee Kapoor (Expert) 06 June 2012
I endorse the views of Ld. Bharat.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com
Advocate Bhartesh goyal (Expert) 06 June 2012
I am of the same view as expressed by Mr Bharat Chugh.
ajay sethi (Expert) 06 June 2012
issue legal notice to builder . file complaint to consumer forum for deficency in service
Common Man (Querist) 07 June 2012
Dear ALL ...,

Thanks for your valuable time & suggestions. I will update you soon ....

Thanks once again...!!!


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