Legal Question in Real Estate Law in India

I have booked an apt with TATA housing. initially they offered me a deal like 20% up front and 80% on possession with an additional cost of 15% on the total cost of the apt. later after a year they released another offer on a festival diwali which happen to be 30% up front and 70% on possession without any additional cost. now when i can asked them to migrate the plan to the new offer they denied me the offer saying that they cant migrate as the booking agreement has been executed.. is there any law regarding booking price control. I expressed my concern and disappointment with the company but of no use.

now can i use some means to get this sorted out like the help of a lawyer. to fight for the excess amount i will be paying. when the company can offer a better price and payment structure to new customer can the current customer can migrate to the new offer.

please advise.

thanks


Asked on 3/24/14, 11:40 pm

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

25.03.2014

Dear Sir / Madam,

If you have opted for and already signed the original agreement pertaining to the initial deal of 20% down payment and 80% on possession with a 15% additional cost, your approach should be to ensure that you get the possession of the apartment from Tata Housing on or prior to the due date stipulated in your Agreement, rather than simply imagining on benefits of a revision in payment terms and wasting your time and energy trying to convince Tata Housing to permit you to migrate to the revised terms.

Regards,

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Answered on 3/25/14, 7:22 am


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