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Author Topic: time gap for making final payment  (Read 209 times)

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Offline yash889

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time gap for making final payment
« on: October 17, 2016, 04:27:43 AM »
We agreed to purchase a flat which is still under construction. today we received a letter from builder that they are ready to hand over the possession by 20th October 2017 and today is 17th oct. they also asked us to make the balance payment till this date or within 7 days as a grace period, else they will charge simple int @ 24%.
is this correct? as far as interest is concerned on non payment its ok, but how are we supposed to arrange payment within such a short span of time. is there any law which states what minimum time gap that should be given to buyer for making final payment?

Offline yash889

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Re: time gap for making final payment
« Reply #1 on: October 17, 2016, 05:38:35 AM »
sorry, the date was 20th october2016

 

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