my firm has been allotted a plot by HSIIDC. At the time of application HSIIDC fixed a rate of Rs. 7000 and asked applicants to deposit 10% as Earnesm Money and Rs. 5000 as processing fee.
Now after 16 months HSIIDC has sent letters stating that the rate is being revised to Rs. 9500/-. It was written in the application that rate shall be as per prevalent rate at the time of allotment. Please advise if they can do, is it justified on the part of HSIIDC? Can I approach court against this? I heard they have done the same in the past also.
