[Resolved]  Real Estate — Builder promised layout

Address:

Bangalore Rural, Karnataka

Sir,

In 1976 or so when I retired from the Armed forces I booked a plot in a layout as advertised as HERITAGE about 20 kms from Whitefield, Bangalore in the area of Varthur.

I have paid all the installments and the receipts are available with me.

There was a split in the share holders of the earlier Company and now the project is being handled by SUN CITY developers.

The chairman has been nice and promising that he would shortly allot the plot and get the registry done but in vain. He accepts that the payments have been received and the records also say so. However, no action has been taken.

Now he says that the land is not being converted and that he cannot assure the time frame in which this would be possible.
Hence either I wait or I take back the money as paid to him with double the amount.

So if I have paid 5 L then I get 10 L now. Whereas the valus of land there has gone up from Rs 90/- per sq ft to Rs 750/- per sq ft. This is almost 8.33 time the original valus whereas he is offering just double!

What is the legal options open to me please?
Retirment from the Army at that time I had put in all the savings in it and now I am taken for a ride.
I have been meeting him quite regularly but in vain.

Please advise.

rgds
rahul kumar