I had buy an apartment in spire 68 project in Gurgaon. On seeing the builder buyer agreement I found that it is a one sided agreement in which they charged penal interest of 15% p.a for any delayed payment on their installment. However If they delayed the project beyond the completion date mentioned in the agreement, then they will pay a penalty of only Rs 5 per square feet, which comes to approx. 2% on the amount invested. Hence based on this one sided agreement I wonder why a case under Unfair Trade Practice can't be filed against the builder for this dual treatment on a same matter. Moreover though the completion date of project is March 2015 as per their agreement, & the project is no where near completion, they are not paying any penalty to any investor till now. Was this information helpful? | 
