Should i widthraw from construction project if builder has delayed 13 years for low price?
Builder has been delaying plot in new chandigarh for more than 13 years and now offering some amount, a little more than what we can get from RERA or court, which is SBI marginal lending rate on principal amount. But all near by properties prices have been increased manifold. Around 2 crore rupees, builder is offering 87 lakhs and from past judgement in court , we can recieve 70 lakhs. Please guide what should be done in such cases, Shall we just go to court and get interest till date of posession waiting hopelessly as builder is upfront saying, he can't say when will prokect get completed as govt. Is not giving clearance.
Sorry to see you in this position. My parents also invested in buying land in Maharashtra through "Expat". Fuckers have taken the money but there has been no update on the land possession for over a decade.
Apparently, they went bust and have no money now.
Take the money and run, my friend. Courts are slower than a snail on sedatives. And builders? More slippery than a fish in oil. "Dhanda hai, par dharam ka nahi." What's your next move?
Really don't know, parents bought it because its a prime location, near by plots rate are now more than double, can't buy shit with the amount offered in same city.
