Provident Housing Limited — compensation for delay in possession of apartment from provident housing ltd, bangalore

Address:	Provident Housing Limited , 130/1, Ulsoor Road, Bangalore -560042, Karnataka, Bangalore, Karnataka, 560042
Website:	www.providenthousing.com

I had booked an apartment 1c - 1101, 11th floor, in
Project provident skyworth mangalore :builder provident
Housing ltd on 24/09/2013 and paid 93% of the
Agreement value slab wise rs 43, 11, 403 till 26/07/2017.
As per the valid signed agreement, the date of
Possession mentioned therein is dec 2015. Inspite of
Continued followup for possession, it was communicated
That my apartment falls under provident skyworth phase
2 and will be given possession on or before year 2021 as
Per the project period registered under rera. After
Continuous followup for six months, provident housing
Ltd refunded the amount paid rs 43, 11, 403 on
31/10.2018 without any compensation for use of these
Funds for the period 24/09/2013 to 31/10/2018. (Slab
Wise). I had taken icici home loan and also self funded
From my savings accounts the amount of rs 43, 11, 403
Paid slab wise to provident housing ltd. I have suffered
Monetary expense of interest paid on bank loan, loss of
Interest on self funded savings, loss of tax relief on
Home loan interest, loss of rental income beyond dec
2015 possession date and loss of capital appreciation on
This apartment booked in provident skyworth mangalore
Project. I have calculated interest payable @ 18%
Towards compensation of the losses mentioned above
Which amounts to rs 27, 07, 937.00 calculated till 31.10.2018