delay damages

Delayed development causing loss to investors

Question: What remedies are available to an investor in a housing scheme against unnecessary delay in development?

Answer:

Developmental delays are part and parcel of new housing schemes the possibility of such delays are mostly provided in the contract for purchase therefore there is no precise legal remedy for protecting the investors against such delays however depending on the loss that such delay has caused you a constitutional petition may be filed to make good the loss and to speed up developmental delays.