Its not the occupancy date we have now (I.e. sept 2014) they are referring to. Its the original Nov 2010 one. Thus, we are past the 30 month period now.Of COURSE the developers could profit from taking back our units and keeping all the equity accrued for themselves. But they can't just arbitrarily decide to do this, or there would be no protection whatsoever for people who buy preconstrustion. If that were true, they could just use people's deposits as loan money, take back ALL the units, and re-sell the units for a huge profit, and he would just make 'interest' on our deposits. They are horribly once sided, but I don't think they can do that anytime. Again, if you read the take back clause, its only in the case where delivery is delayed for 30 months past the occupancy date. That's a very long and unusual circumstance. That's like the L Tower finishes up next month, but they refuse to let us occupy for over two years.
And yes, its horribly one sided. Remember, I'm on your side. I find it just as unfair, but I don't see a legal way out for us. A few posts back, someone's lawyer mentioned as well its risky to take legal action now due to this clause. So at least one lawyer thinks our chances are bad.