Questions & Answers
Termination of SPA due to handover delay by the developer
Hi
I purchased my apartment was in 2017 and supposed to have delivered to us. In December 2018, it was delayed indefinitely.
The Builder is dragging the completion of the project and also no communication whatsoever is forthcoming from their end. This has added a lot of financial stress on me and my family in this challenging time.
We had already paid more than 45% down payment & continue to pay rentals at another place too.
Under the circumstances, we want to withdraw and get our payment in full from the Builder with possible compensation (interest) to cover my loss of interest and to also to pay for Legal/Lawyer cost...etc.
Please advise
Thanks
Best Regards
S. S.
Dear questioner,
As the developer has defaulted on his basic duties by not delivering the property in time.
Therefore, you have a right to cancel the mutually signed SPA and ask for a full refund, along with compensation for the delay.
Kindly contact us directly for a detailed discussion. Further, we need to review your SPA in order to assist you more.
If need be, kindly contact us by phone for a detailed discussion or write to us at our email for further assistance.
