ORDER

Complainants are husband and wife. The Opposite Parties are Builders and Promoters of the Residential Project in the name and style “Townsville” at Newtown, Bangalore South. Opposite Party No.2 is subsidiary of Opposite Party No.1. Opposite Party No.2 was later merged with Opposite Party No.1. Opposite Party No.3 entered into Joint Development agreement with the Opposite Party No.1 for the completion of the aforesaid project.

2. The case of Complainants is that they booked a residential unit in the “Townsville” project, Newtown, Bangalore South by depositing a sum of Rs.5,00,000/-. The Complainants were allotted unit No.8A, 3.5 BHK-Garden, vide allotment letter dated 22.06.2011. The project was to be constructed on the land in Hulimangala Village, Jigani Hobli, with a saleable area of 3424 sq. feet, inclusive of proportionate share in common areas with two closed car parks. Opposite Party No.2 issued demand note dated 29.09.2011 for a sum of Rs.14,76,680/- towards payment of instalment. On 10.01.2012, builder-buyer agreement was executed between the Complainants and Oppos