Flat Buyers who have been irregular paymasters or
those who had defaulted in the staggered payments to the builders in the last
two years and during the period when the NGT issue over the Okhla Bird
Sanctuary Eco-sensitive zone was subjudice, will now find it difficult to
demand the apartments from builders at the old or booked price as the sale
agreement is not enforceable not.
The prices of most of the apartments have shot up, and now with most apartments nearing completion; builders would find it much more lucrative to refund buyers and resale the apartments are higher prices.
Besides, the buyers now having to procure those flats will have to pay interests between 18-20 per cent on the amount due to the builders to regularise the payments and lay claims to the apartments. But, it all depends upon a particular builder if he wants to oblige a defaulted buyer at all.
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