Extra charges by builder

swami (Querist) 12 December 2012 This query is : Resolved
1 REQUEST ADVISE

2. Booking of flat in : Sep 2010

3. Demanded documents for loan verbally from builder since Sep 2010

4. Demanded documents for loan in writing from builder from Oct 11.

5.I AM PAYING 85%OF AMOUNT BY LOAN.

6. BUILDER Handed over Agreement Papers in Jan 2012.

7.BUILDER gave Allotment Letter in : march 2012.

8. Charged interest for full period from Sep 2010 till Feb 12 for outstanding amount at 24%.

9. REQUST ADVISE ,CAN THE BUILDER CHARGE INTEREST BEFORE GIVING REQUIRED PAPERS .REQUEST SUGGEST WAY OUT.

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ajay sethi (Expert) 12 December 2012
whata re terms and condions of agreeemnt ? have you delayed making payment

Raj Kumar Makkad (Expert) 12 December 2012
The builder cannot charge interest from the date of booking but from the date of allotment subject to the agreement. You can go against him before consumer forum.

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