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.
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
Dear Client,
The transfer or porting of the home loan account from one Bank to another shall not change the provision of the Income Tax Act applicable in your case. The rebate allowed on home loans un...
Dear Sir,
You have to go through the rules and regulations of RERA Act and better contact any local advocate who is knowing local laws for getting effective legal advise.
Dear Client,
Unless the original doner and the original donee of the gift deed execute and register a rectification deed or supplementary deed bifurcating each plot of land in the Schedule of the Prop...
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...
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Can i Cancel flat resigstration after 100%Loan disbursement
I had purchased an under construction property in 2017
