Can i Cancel flat resigstration after 100%Loan disbursement

5 years ago

I am purschase 1bhk flat in panvel, i have done flat stamp duty registration on 05 -jun-2018. And 100% loan also disbursed to builder, and in agreement one cluase for cancellation 15% amount will be deduct, and project also rera approved but due to my financial problem can i cancel the agreement at this stage and how much loss for me.

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Ambrose Leo

Responded 5 years ago

A.Better to consult a Professional property Lawyer to guide & help you on all aspects of the issue and also protect your interest quickly.

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Ramalingaiah Mulakatte

Responded 5 years ago

A.Selling the flat is the best option, being the owner, as full payment is made to the builder. Cancellation will entail other charges mentioned in the agreement.

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Anonymous

Replied 5 years ago

thank you

Nirmal Chopra

Responded 5 years ago

A.Deduction if any will be as per terms and conditions in the agreement. It will be better u try to sell the property because even if u sell it at price purchased, u shall have to give 1% brokerage in case there is a broker involved and at least loss will be less than the one by cancelling the booking itself.

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Anonymous

Replied 5 years ago

Thank you very much

Anonymous

Replied 5 years ago

Thank you for your advice and This flat purchased in under builder scheme pay 5000rs and 99% Loan. and as per agreement possesion of this flat is Dec-2020. But broker tell us verbally possession give in Jan-2019. And he said 100% flat sold out but till date no society form. I read rera guidelines after 51% sold out the flat society's will be formed. please give suggestions

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