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Author Topic: Apartment construction delayed - Cancelled the apartment - Need advance amt back  (Read 1018 times)

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Offline anand.chagamreddy

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Sir,

I have booked an apartment in Manikonda, Hyderabad area in May 2012. The builder had promised to finish the construction by November 2012. It was clearly mentioned in the sale agreement at the time of booking that. If he fails to complete the construction by November 2012, he will return all the advance amount paid by me along with 2% interest per month.

I have paid 5.5 Lakhs till date. Upon his request I have waited till March 2013 (4 months more than what he promised). Last week I informed the builder that I want to cancel my purchase as he did not complete the construction even after giving 4 more months time. There is more or less no progress in the construction. He is not willing to pay back my money either.

I have the original agreement with me. I have the original receipts of payment made (payment made through NEFT).

Please advice how I can proceed to get my money back.
This is my hard earned money that I have been saving for past 2 years :(

Regards,
Anand

 

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