You can send a Legal Notice to the Developer to comply the Agreement,failing which you can file a case in District Consumer Forum for deficiency of service and unfair trade practice.
Developer and I agreed to pay 10 lac for flat and 2 lac for car park. In agreement also he said the same and I signed in. Now he is saying all the money is only for flat and car park is extra and he is threatening to charge 30% interest if I do not pay all money within 7 days of his 'final reminder'. What I can do to not loose money for car park which he charged.
You can send a Legal Notice to the Developer to comply the Agreement,failing which you can file a case in District Consumer Forum for deficiency of service and unfair trade practice.
Thank You Minanshu Bhadra. Actually during agreement we talked and he said the same, but I must point out car-park is not written in agreement but anyway he charged extra for car park. So he took 12 lac and now is saying all is for flat only. Also, what to do if he took more money (more than 12 lac) and is telling me that I have not given all dues?
builder cannot sell car parking slot . it forms part of common area and cannot be sold by the builder . you have paid 12 lakhs as per agreement . if builder is refusing to togive possession of flat move consumer forum against builder for deficency in service
Don't buy Parking space. Only buy flat. Parking space is considered common area and builder cant sell it to any particular flat owner.
If you don't have any proof for having paid for car park then it is difficult to prove your case in court.
Thank You everyone.
Provide details of the agreement being executed between you and the said Developer pertaining to purchase of a flat and car parking space.
The brief you have narrated with regard to demand of 30% interests by the Developer within 7 days w.e.f the date of their Final Reminder does not clarify the status of involved dispute between you. But, if it is so, it is a very good Consumer case.
My advise is that please send me further details to enable me to extend my appropriate legal advise and solution to you.
No Developer can adopt such an unfair trade practice and if it is so, it attracts the legal provisions laid under the Consumer Protection Act, 1986 through which you, being the purchaser of flat and car parking are well covered.
So, I reiterate my demand of all relative details and I assure you for proper advise for the needful action from your end as against said illegal demand of 30% interests, if so; by the Developer, despite having received the payment as agreed upon in lieu of said flat and car parking space.
Can the developer return money after deducting 30% interest even if it is written in agreement? And it is not written when he will return the money (how to guarantee that he actually returns money to me the rest if I do not want to buy it any more)?
30%interest is usurious . agreement executed is completely one sided . if builder deducts 30%issue legal notice and move consumer forum against builder for deficiency in service .
if builder refuses to refund money move consumer forum for refund with interest and also compensation against the builder .
A builder cannot sell parking areas as independent units as these areas are to be extended as “common areas and facilities” for the owners. The developer is only entitled to charge price for the common areas and facilities from each flat purchaser in proportion to the carpet area of the flat. So the developers/promoters/builders cannot retain or sell such parking spaces separately since they are included in the common areas.
Charging 30% interest is despotic to say the least. Any such clause in the agreement which allows charging interest@ 30% is illegal. Issue a lawyer's notice for refund of money. If builder refuses to comply with it then move to court for recovery of the amount along with monetary damages.
Now, the valuation shows 8 lac and the agreement is for 10 lac. Is it usual that agreement can be edited? Also, developer says he want 2 lac (excess than valuation) in cash. Even if I do not agree to give him in cash, then also clearly I am at loss. Sometime wonder if I should let go (30% deduct at this point and alter recover through consumer forum if at all) or do the registration with loss of money (without car park)...I roughly calculated ...I lose about 2-3 lac either way (which is quiet a bot for 10 lac property). Please advise...and thanks so much for all advise till now.
I have another question. IS PAN card an absolute requirement or passport will suffice as ID for registration? Or if I have PAN-card copy and number will that be ok for registration now and I can update PAN-card later when I get it (I need to issue a new one but do not want to wait longer for registration if I buy this property). Please advise
. basically it is your call . do you want the flat or not ? if you want the flat then pay builder take possession of flat . if you want refund take money offered under protest and sue to recover balance amount
PAN card is required for registration of agreement . get your agreement registered if you want to buy the flat
Thank You
If valuation certificate is for 10lac but I buy for 12 lac, on which one will I be paying tax to govt?
if in sale deed consideration is mentioned as Rs 12 lakhs you will be paying stamp duty on Rs 12 lakhs
I have perused your both the posts above.
You have asked my legal advises in response to your following two doubts :-
(a) Developer charging more for car parking
AND
(b) IS PAN card an absolute requirement or passport will suffice as ID for registration of your booked flat & car parking ?
In response, I reiterate that no Builders can sale out any parking space whether covered or stilt. But, your problem is related with quantum of the payment, which is to be confirmed through the relative agreement, being executed by you both inclusive of your builders and under such fact & circumstance said agreement and payments detail made so far by you are to be examined by me for extending my appropriate advise and accordingly the same may be forwarded to me for examining it. Further, with regard to registration of flat both said documents are equally valid as ID proof.
Thanks,
SHIVESH SINHA