In such cases what is the best advice. We are ready to pay the interest amount as agreed in the agreement (21%) for delay in payment. The amount i need to pay him is the equivalent amount i need to collect from him for rent amount as per the agreement. (3 months rent pending)
Please advice what can be done best in this scenario.
The builder may try to put influence on you on various aspects and may be very arrogant to not to allow yo even to inspect the completed building.
You may issue a legal notice to him demanding the arrears of amount to be received from him and also an additional amount towards compensation for mental agony since the delay is inordinate and can also demand to allow you to inspect the completed flats for further payment from your side
Failing to invoke any response from the builder you may initiate a case before consumer forum for further proceedings against him on the same lines seeking the desired reliefs.