Tata Housing Development — Tata Housing project - Aveza - Mulund - Mumbai

Hi,

I had booked an apartment in Tata Housing Aveza project in 2017 - Tower B, house no. 602. Yesterday, I have received a mail that my allotment has been canceled and as per RERA norms some nominal interest has been provided as compensation on the base amount.

No mention of taxes and registration that I have paid. Furthermore, have been told to sign the cancellation deed in 15 days which is impossible as I am not based in India.

One of the representatives was discussing with me for quite time asking me to move to another Tata project and even providing me some compensation as a goodwill gesture. I suspect there is some foul play and Tata housing wants me to move out of the project so it can possibly sell my flat at the current higher prices to someone else.

What would help me understand is can Tata Housing just cancel my allotment and pay me basic bank interest for my initial investment. How will the taxes and registration charges be refunded. Is there any way to compensate for the loss as the current market price is much higher than when I booked in 2017.

Regards,
Sandeep