I have booked a office space in mumbai suburb's commercial tower in 2011 @ 9000 PSf (area 600 sqft) under prelaunch offer. The progress has been very slow and almost to halt, now after 3 years, for some reason the builder is planning to change the building to residential. we already had paid 50 % of the amount @ prelaunch time. The sale agreement is already done for office.
Builder is offering 2 BHK residentail apts with additional area of 600 sqft @ 13000 PSF. Can we quit from the project , what should be the refund? What happens to the registration and stamp duty charges we had already paid? What if we opt for a 2bhk residential what should be the ideal cost? please advise.
