I have booked a Apartment in Bangalore in the year 2013 April 2013. As per the agreement the posession date is 30 Dec 2014.
Total 5 Blocks with 13 floors in each block.
But till now I have not got the posession. I have registered the property in April 2016. In December 2017, the builder promised that they will hand over the flats on or before 31st March 2018. But currently there is no work is in progress to complete it on time. We are hearing that the builder is not having enough funds to complete and handover.
Since almost 80-85% of work has been cocmpleted for the Blocks B and C and we have promised that these 2 blocks will be handed over to the customers before 31st March 2018 and rest of the other blocks by Max December 2018.
Right now we dont know whether to go legal or wait for the builder to complete the project by arranging funds (which he is currently planning).
Please advise us what needs to be done.