Ajit Bharihoke, Presiding Member—Rishi Malhotra an American citizen has filed the present complaint alleging that on 8.2.2013 opposite parties No. 2 & 3 entered into a tripartite agreement with the complainant to construct and transfer on lease holding basis one commercial space unit No.19-C & 22, Ground Floor, Sheraton Chandigarh Hotel, Chandigarh. As per the agreement the lease of the unit was to continue until September, 2077 and the consideration amount was Rs. 94,80,000/-. Pursuant to the agreement the complainant paid the entire consideration amount vide two cheques worth Rs.18,96,000 and Rs.75,84,000/- respectively dated 8.1.2013 and 5.2.2013. It is alleged that the possession of the property was to be handed over to the complainant within 12 months of the agreement i.e. on or before 8.2.2014. It is the case of the complainant that despite of the complainant having complied with his part of the agreement the opposite parties have failed to deliver possession of the subject unit to the complainant. It is also alleged that vide clause 41 of the tripartite agreement till the date of the first lease the complainant was to receive minimum monthly return of Rs.71,000/- w.e.f