[Resolved]  Supertech Ltd — Non payment of penalty charges to Alottee due to delayed construction

Address: Gautam Buddha Nagar, Uttar Pradesh

I've bought 2 BHK in Supertech Apex Tower, Noida. As per the agreement, unit was supposed to be given for possession by Dec 2011 with a six months grace period ending June 2012. For any further delay, builder will pay penalty charges to Alottee as per the agreement. With current pace of construction it seems that it will take another 2 yrs or more for possession. I emailed Supertech for payment of penalty charges to which they responded that the request will be considered at the time of possession. We feel that it is a clear case of cheating by Supertech & they are backing off form their documented agreement. I've paid full down payment of the cost & with no fault of ours, Supertech has not been able to deliver the units therefore as per the agreement terms, its legitimate for the builder to pay penalty charges in lieu of delayed construction.