I have invested in a project & paid 20% amount. I booked this flat in August 2012, but received allotment letter in January 2013. By that time I already paid 20%.
My contsruction of tower has still not started and I am getting no clear cut communication from builder.
Major point of worry is ONE SIDED AGREEMENT. Though, I still haven't received Builder Buyer Agreement, but I heard about many Clause like undefined & uncertain "Escalation Cost" & "Super Area". There is no ceiling limit mentioned.
In every case, I seems to be defaulter and builder in safe position.
Will I get trap in this, if I decide to continue? Is there any way out legally?