In connection with the purchase of a plot in a township on Mysore Road, I have paid major portion of the sale consideration to the developer. But the developer has not completed even half of the work and the progress work is unduly slow for various personal reasons of the builder. I have lost interest in the plot because of this. Please advise me how to get back my money with interest from the builder?
Before purchasing a plot on the outskirts of the city one should thoroughly check the reputation of the builder, title of property and future development in the area. If these initial checks are not properly done, one will face problems as you do now. If the promoter is unable to continue with the work, you have every right to ask for refund of the money along with interest. If the promoter fails to return the money along with interest, you may approach the Consumer Redressal Forum for remedy.