Hello,

I have purchased an apartment at Provident Sunworth in Phase 2, The Flat Buyer agreement says that the possession would be given to me in Jan 2016 + 6 months of grace period. But now when i called them up they say it will be handed over in June 2017.

I have already paid 95% (31 Lakhs) of the flat amount way in time. When i asked them for the compensation for the delay they said they would pay me 2000 Rupees for every month of the delay as per the agreement.  So I asked them to pay me back my money with the interest for their deviation on commitment. They said they will deduct 15% of the total amount ( 31 Lakhs)  that I paid them and return the rest which is a huge loss to me.

Please need your advice on on the following:

1. Can I get my full money back with interest if I take a legal route? and how should i go about it? or
2. Demand for more compensation for every month of delay and hold on to the project.

Thanks so much,

Amit