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FAQ: How to withdraw oneself from a purchased property? - Property Hotline
Posted
June 15, 2016
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25
June 15, 2016
25
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4:40Now PlayingBe Un Confused
Expert: Avikshit Moral, Partner, Juris Corp
Q: I bought an under-construction property in Thane. Possession is expected by December 2016. However, the possession is delayed by 2 years. When I checked with the developer, I learnt that the construction was stopped. I doubt I'll get possession in 2 years. I want to withdraw from this purchase. How can I legally withdraw?
Answer: Since the property is under construction, it will subsequently come under the ambit of RERA. You would have to withdraw your purchase as per the terms of the agreement. You can even approach the Consumer Forum in case you are looking for additional compensation from the developer.
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