Jaypee Developers — project delay | |
I had made the payment to the builder and was guaranteed of project delivery on time. Now, the project is 5 years delayed. What should i do to get my money back? What is the legal process? 50% money paid in feb 19 Apr 26th is the completion date Till march end - nothing happened No one responds properly Not ready for penalties Not ready to refund money Totally unprofessional company I dont know why they keep signing up with customers. Output is not that great. Pretty ordinary company. I strongly recommend people not to sign up with mygubbi. They should ideally close the company for this incapacity to deliver things. 100% cheating. For last 2 weeks, they are still deciding whether they should refund my money or give penalty for all the delays. That means, they have no intention to pay single rupee. 6 times the dates are revised Was this information helpful? | |
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Jaypee Developers customer support has been notified about the posted complaint. | |
 10 Comments | |
Comments
In case a developer defaults, the lender would first start proceedings known as symbolic possession
Reply
The drill is that the lender would stick a notice on the project informing the public about the default
Consumer Protection Act gives end consumers certain rights against exploitation. A consumer can take help of this Act for claiming compensation in case of project delays
The builder is liable to refund the amount paid with interest (for the period of delay) if there has been a breach of contract.
In case of delays, the customer is entitled to a refund along with interest and compensation from the builder
The builder can neither extend the date of possession unilaterally nor insist on allocating an alternate property to escape refund
A consumer or the property buyer must file his/her complaint within two years of the dispute arising, after which it becomes outdated
A written complaint can be filed before the District/State/National Consumer Forum depending on the expected amount of damage
Builder’s problems can’t justify delay and for this he is liable to pay a penalty and compensation. Default would attract penalty under both Consumer Protection Act and the Flat Act
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#19, Jubilee Homes, TVS - Rayakotta, Krishnagiri Dt(T.N), Hosur, Tamil Nadu, India - 635110