Hi,
I have booked a Flat in Pune, Dhanori area, with a rate of 3011 Rs/Sq.ft. I have booked the flat in Feb 2012, till now builder had not done any agreement, I have given already 6.5 lac to builder as an amount which is 20%. Still there is no agreement. Now builder has put the construction on hold saying that there is some issue going on with the Pune Lohegoon air force area. Now i wanted to cancel the flat booking, i have all the reciepts of amounts payed to builder.
Now my question is, will i be able to get full amount with interest on it or i'll only get the amount which i have given to builder? If builder has to give an interest on the amount which paid then at what interest rate he should give?
One of My friend told that there is a government rule that builder has to pay interest amount too?
Also, I am looking at other sites for the flat too, also, its a pre-launch site in dhanori area, for this what precautions i need to take to book the flat, if i wanted to see the documents then which documents i should check from builder?
Also does builder have a right to increase the rate of sqr feet, after the booking and before the aggreement?
I mean, if i book a flat at 3500Rs/sqr feet, and later after 3 months or 6 months, do builder have a right to increase the rate to 3800Rs/sqr feet and apply additional charges to booked flat?
