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madhavi   11 March 2016

Land owner changed the builder

An agreement for Flat purchase was made in November 2015 between BUYER AND SELLER - AGREEMENT WAS 60-40 TYPE.
BUYER ALREADY PAID 60% BY ONLINE TRANSFER IN BUILDER ACCOUNT.
REST 40% TO BE PAID BY BANK.

DELIVERY DATE FOR FLAT IS IN THE MONTH OF MARCH +GRACE PERIOD OF 6 MOTHS 2016.

OWNER AND BUILDER AGREEMENT WAS OF FOR 3 YEARS STARTED IN 2014 TILL 2016.IN THE MONTH OF DECEMBER 2015, A DISPUTE OCCURRED BETWEEN LAND OWNER AND BUILDER AND LAND OWNER DID NOT RENEW THE FLAT CONSTRUCTION RIGHTS FOR THE OLD BUILDER (FOR WHICH THE 60 % AMOUNT WAS PAID) AND CHANGED THE NAME OF THE BUILDER IN DECEMBER 2015.

NEITHER THE BUILDER NOR THE OWNER INFORMED THIS TO THE BUYER AND 
TOOK THE PAYMENT OF JANUARY AND FEBRUARY 2016 IN THE ACCOUNT OF OLD BUILDER .

WHAT SHOULD I DO NOW?



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