Possession of flat

Manish (Querist) 10 October 2020 This query is : Resolved
I have been demanding final payment of flat from the builder. In the final payment there are huge interest amount included by builder. They also want me to sign affidavit before completing construction work and giving possession.

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This discussion addresses a buyer's concerns about a builder demanding final payment for a flat, including a significant interest amount and requiring an affidavit before possession. The advice suggests reviewing the builder-buyer agreement carefully, as interest is typically not charged if payments are made on schedule. If the demands are unjustified or not in line with the agreement, consider approaching RERA or a consumer forum, or consulting a local lawyer for professional guidance.

Isaac Gabriel (Expert) 11 October 2020
If you had not committed for.the payment of interest by any agreement, complaint to the consumer court.

Dr J C Vashista (Expert) 11 October 2020
You have posted contradictory, confusing, vague and ambiguous facts wherein it is not clear whether you are posting this question on behalf of builder or against builder.

Dr J C Vashista (Expert) 11 October 2020
If you have been demanding money including huge interest, as stated by you, what is your problem ?
However, if there is some truth in the story it would be appropriate to consult a local prudent lawyer for better appreciation of facts/ documents, professional guidance and necessary proceeding.

R.K Nanda (Expert) 11 October 2020
Facts are confusing.

Rajendra K Goyal (Expert) 11 October 2020
If the demand is unjustified, not in accordance with builder buyer agreement, may move to RERA or Consumer forum.

P. Venu (Expert) 11 October 2020
You have not posted the complete facts.

kavksatyanarayana (Expert) 11 October 2020
No. Usually, in Agreements with the builder, the buyer pays the amount in installments i.e. at ground level, slab level, putti work, etc., and at last final payment will be made by the buyer at the time of occupation. So no interest will be charged. But after handing over the flat, if the buyer has not paid the last payment and for this the builder asks interest. Check your agreement made with the builder.

Dr J C Vashista (Expert) 12 October 2020
Dear Mr, Kavksatyanarayana ji,
The author has stated to have been demanding money from the builder, whereas the fact is other-way round.
It is the fact of the author which has made the question (not query) as confusing and contradictory.
Can we presume something on behalf of author and oblige ? Answer is simple "No".
Thanks and regards

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