A demand for possession with compensation, or for refund with interest, over delay in handing over a commercial unit under Section 18 of the Real Estate (Regulation and Development) Act, 2016.
Date: 3 April 2026
TO:
M/s Sunview Buildwell Private Limited, through its Managing Director, an individual
SCO 118-119, Second Floor, Sector 34-A, Chandigarh 160022
And also at: Site Office, Sunview Greens Phase-II, Sector 91, S.A.S. Nagar (Mohali) 140308
Email: X
FROM:
Meridian Tax Consultants Private Limited, an individual
X
And Vikram Anand, joint Buyer, of X
SUBJECT: Delay in handing over possession of the Unit described below, beyond the date promised under the Agreement, and demand for compliance within 30 days of receipt of this notice.
Dear Sir / Madam,
1.1 Meridian Tax Consultants Private Limited ("the Buyer"), together with Vikram Anand ("the Joint Buyer"), is the allottee of the commercial unit described in Clause 2 ("the Unit"), which the Buyer purchased from M/s Sunview Buildwell Private Limited, through its Managing Director ("the Builder"), the promoter and developer of the project in which the Unit is situated.
1.2 The Unit was purchased under an Agreement for Sale executed between the Buyer and the Builder and duly registered, dated 1 April 2026, registered with the Sub-Registrar, S.A.S. Nagar at Document No. 4127 on 14 August 2023 ("the Agreement"), entered into between the Buyer and the Builder in respect of the project known as Sunview Business Park, Phase-I.
2.1 The Unit is a shop-cum-office (SCO) unit, more particularly described as follows: SCO No. 42, Ground and First Floor, Sunview Business Park, Phase-I, admeasuring 1,800 sq. ft. super area, situated in Sector 82, S.A.S. Nagar (Mohali), situated in the State of Punjab.
3.1 Under the Agreement, the Builder undertook to hand over possession of the Unit, complete in all respects, on or before 2 April 2026 ("the Promised Possession Date"). The Promised Possession Date already includes the grace or moratorium period of one hundred eighty (180) days, under Clause 6.2 of the Agreement which the Agreement allows the Builder in addition to its base commitment.
3.2 As on the date of this notice, possession of the Unit has not been offered or handed over to the Buyer. The delay, reckoned from the Promised Possession Date to the date of this notice, is fourteen (14) months, and continues.
4.1 The Unit is situated in the State of Punjab. Interest and refunds under Section 18 of the Real Estate (Regulation and Development) Act, 2016 in respect of this project are computed under Rule 16 of the Punjab State Real Estate (Regulation and Development) Rules, 2017, at the State Bank of India's highest Marginal Cost of Lending Rate plus two per cent, and a refund falling due is payable within ninety days under Rule 17 of those Rules. A complaint against the Builder that this notice does not resolve lies before the Real Estate Regulatory Authority, Punjab, in Form 'M' under Section 31 of the Act.