Introduction
The situation of ‘no construction’ refer to circumstances where the builder fails to commence or complete the construction work as laid out in the contract. This contention can arise in various ways and has pertinent implications for the buyer. Particularly, in these kinds of circumstances, buyers have no way out instead of getting a refund from the builder in case of no construction has begun.
Identifying the Issue of No Construction
To Identify the issue of no construction, firstly, the buyer has to review the contract and documentation. This includes examining the construction schedule mentioned in the contract. Further, the second step would be to tally the payments made to the builder with accordance to different milestones of the completion of construction. Finally, the buyer has to inspect the current status of construction (if there is any). The buyer has no way out of this mess but to get a refund from the builder in case of no construction.
Impact of No Construction
In case, when there is no construction then it can have crucial legitimate, fiscal and emotional impacts. Fiscal impacts in such situations include loss of investment, significant additional expenses. Further, the no construction by the builder may lead to budget overruns i.e., increased costs of the completion of the unit. The emotional impacts in such situations include emotional strain and impact on planning of future planning of the buyer.
Facing Problems?
- Extended uncertainty brought on by the expected date of possession, causing disruptions to plans and lifestyle adjustments.
- Breach of contract since the builder did not fulfil his end of the bargain, leaving you unsure of your options and legal rights.
- The property’s financial burden, which includes loan repayments, maintenance fees, and other related expenses, while construction does not progress.
What do we offer?
- We will provide you with legal advice regarding your responsibilities, rights and options.
- Our group closely monitors the construction activity to make sure that the builder follows the prearranged schedule for construction.
- We will act as a bridge between you and the builder in order to negotiate a solution and facilitate positive communication.
Our Solution
The very first question that arises in the minds of the buyers in the situation when there is no construction is ‘What to do in case of no Construction on the Project?’ Further other questions that come to mind are ‘How to Get Refund from the Builder in case of no Construction?’
Legivista has successfully answered all these questions and queries of the buyer. Legivista assists buyers in getting their investment returned with interest i.e., refund with interest from the builder. Our team of experts will carefully examine the case, go over the contract, and evaluate the builder’s obligations. We will put forth endless effort on your behalf to bargain with the builder, arguing for a fair refund that includes to make up for the monetary losses and inconsistencies suffered. We would go to the ends of the earth in order to secure the relief required i.e., refund with interest from the builder in case of no construction. If the need arises, our legal experts will assist you in taking legal action to safeguard your interests as a buyer.
How Can We Assist You
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