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Nitin (Consultant)     29 March 2014

Advice in property matter

My dad decided to invest in property with his retirement fund and we finalized a place. the total area was 780 Sq Ft and rate as 1950.in Nashik. we paid a one shot amount of 125000 to the builder and later were not able to pay the remaining amount due to some financial issues.
 
Builder have given only a receipt of the amount with the Flat number we booked and no other documentation. now builder have sold this flat to some one else and giving us back only 14Lac which is just 2Lac more form initial investment done 3 yrs back. We offered to complete the transaction now but he declined this as well and said we can only give this much back and take it if you want.
 
Can you please provide me some direction what can we do in this case ? What are our legal options here


Learning

 3 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     29 March 2014

Is there any clause mentioning about in case of failure of payment to builder. Any damages mentioned in the agreement.

Nitin (Consultant)     29 March 2014

Hello sir

Thank you for your response. Builder have given us only a receipt of the amount payed with the flat number we payed for. There is not other documentation done. builder mentioned that we cant do any documentation like registration etc because you have not yet payed full money for the flat.

ABDUL RAZIQUE (Advocate)     24 April 2014

we paid a one shot amount of 125000 to the builder and later were not able to pay the remaining amount due to some financial issues.

and get 14Lac which is just 2Lac more form initial investment done 3 yrs back. 

where is your lost. though you can file a complain case against builder.


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