Is a builder allowed to increase the agreed-upon price of a flat due to unforeseen increases in the cost of raw material? I was reviewing the contract-related documents for Mantri Aura and I saw a clause that seems to imply that Mantri can increase the price of the flat if the cost of raw material increases by more than 10%. Considering that India's inflation rate itself is in that range, it would make any potential buyer pretty apprehensive about what he's signing up for.
Any thoughts / opinions about this?
Any thoughts / opinions about this?