I have booked an apartment in August, 2011. At that time builder had just started the construction. So I paid 15% percent of the total cost as per the standard procedure and get the agreement of sale. Builder promised to handover the apartment by Feb, 2012. It is already Jan, 2012, but hes not even constructed beyond car parking. For the remaining amount bank (SBI) has also sanctioned the loan.
I have double checked with the lawyers, land title is clean.
Folloing is the glitch:
According to the aprroved plan, he can only construct three floors, but he wants to contruct four floors. Although fourth floor is not approved, he wants to go ahead with that. But there are neighbors, who does not want to get the apartment constructed in their neghbor, so they keep on complaining to government officals that the project plan is not approved. Because of this he is not going ahead with the constructions, and my money is stuck with him.
Can you please suggest what options I have now.
Your respnse will be highly appreciated. I am in bangalore, I would also like to get the counsel personally, so that I can show the agreement of sale.