ORDER

Mr. Justice Jasbir Singh, President - The complainant vide application dated 19.2.2011, applied to the opposite party, for purchase of a residential plot, in its project, namely IREO Hamlet, Sector 98, Mohali, Punjab. Along with the application form, an amount of Rs. 6,50,000, was deposited by the complainant, as booking amount. Vide provisional allotment letter dated 29.4.2011, the complainant was allotted residential plot bearing No. 207, measuring 246.97 square yards, in the said project @ Rs.23,000 per square yard. To make payment, the complainant was offered time linked payment plan. 95% of the total sale consideration was to be paid within 18 months from the date of booking and remaining 5% of the sale consideration plus (+) other charges were to be paid on delivery of possession of the plot, in question. Plot Buyer's Agreement (in short the Agreement) Annexure C-2 was executed between the parties, on 26.7.2011. Total sale consideration of the plot was fixed at Rs. 60,81,660, which included External Development Charges, Preferential Location Charges (PLC), Interest Free Maintenance Security (IFMS), etc.

It was stated that as per Clause 11.1 of the Agreement, after develo