‘ESCALATION IS NORMAL IN A CONTRACT’
What can a buyer or developer do in case of breach of contract? Here are some legal remedies for effective resolution of conflicts
What are the repercussions of a developer terminating a booking? Can he do so and create third party interests? In a number of cases, customers need to obtain loan disbursements. What are the consequences for buyers availing of such loans? As per the terms of the agreement, can penalty for delayed possession on the part of the builder be denied to such customers who have in turn themselves defaulted in making payments? In case of such customers, can the company charge interest for the delayed period and also refuse to give penalty for delayed possession? Developers request customers to provide affidavits and undertakings to allow them to amend building plans. Should they do this?