Business Standard

Demand notice must be served properly to buyer

The purchaser couldn't be termed a defaulter since the demand letter had not been served properly, and especially when he paid the amount on receiving a reminder

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Jehangir B Gai
Utpal Trehan booked a 3-BHK flat in Gurgaon costing Rs 45,12,000 in New Heights, a project by DLF Home Developers. The agreement executed on December 3, 2008, stipulated that possession would be given within 36 months. If there was a delay, a monthly compensation of Rs 5 per square feet (sq. ft.) would be paid.

On March 26, 2009, the builder informed that project commencement had got delayed as final environment clearance had not been received. The payment schedule was converted to construction-linked plan. The amount paid till then would be treated as advance payment carrying interest at 13 per cent
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