Refund of money
3 years ago
We Booked 3 under construction flats in new panvel by an agent in 2016 by Giving certain amount of money, he told us to pay remaining amount By bank loan and also no any agreement is made and now due to financial problem we are asking him to cancell the booking and return the amount , he is saying some amount will be forfeited by Builder , please give solution for this
Tanya Shruti
Responded 3 years ago
A.Generally your position in the agreement goes according to the terms and conditions made. As u said there is no agreement made between you and the builder. You should first see in which year the builder had promise you to hand over the property if that date is gone then you can approach RERA for further remedy. You should also check whether that builder is RERA affilated Or not.
If you find this helpful, please rate us.
If you find this helpful, please rate us.
Helpful
Helpful
Share
A.Hi,
This will depend on the terms and conditions of the sale agreement.
There might be a clause preventing you from claiming a full refund in case of late cancellation. However, you can claim some amount as refund if you have not yet been granted possession of the property.
If you found this helpful, please rate us.
This will depend on the terms and conditions of the sale agreement.
There might be a clause preventing you from claiming a full refund in case of late cancellation. However, you can claim some amount as refund if you have not yet been granted possession of the property.
If you found this helpful, please rate us.
Helpful
Helpful
Share
Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hi,
This would depend on the terms and conditions of your sale agreement.
You might not be entitled to get the whole amount refunded if you are doing a late cancellation.
We will be happy to help you with looking into this.
If you found this helpful, please rate us.
This would depend on the terms and conditions of your sale agreement.
You might not be entitled to get the whole amount refunded if you are doing a late cancellation.
We will be happy to help you with looking into this.
If you found this helpful, please rate us.
Helpful
Helpful
Share
Read Related Answers
Real estate agent harrassing for brokerage
Dear sir,
In many cities such illegal practice is there. You approach police and they will teach them a lesson. You need not give any brokerage.
To landlord - I am staying in this house from 6 years
Dear Client,
You can send a legal notice to the landlord and demand to repay the security deposit. In case of inaction from the landlord, you can file a suit under Order 37 of CPC before a jurisdictio...
Addition of Wife Name in new flat sale
Dear Client,
An owner who wants to add a co-owner to his property will have to do so by way of creating a new deed altogether mentioning the ratio or portion of the ownership in the property. This new...
Real estate -rera
Dear Client,
As the housing project is not registered under the RERA, you have to file a complaint against the real estate company and its directors before the District Consumer Commission under Sec.3...
Apartments terrace laws
Dear Client,
The rooftops of the Building are also known as an open terrace and a part of the common area useable for all the floor owners of the multistoried building. Legally, a Builder cannot sell...
Read Blogs on Real Estate
Real Estate Lawyers
Find Lawyers by Location
