How to get back advance token money in case of a failed property transaction

5 years ago

Hi Recently I have purchased a ews flat in Gurgaon with a view that registries will be done as given the assurance by property dealer and seller. The seller has a sale deed /registry on his name. Currently registries in Gurgaon for Ews flats are not happening I have already paid 80 % of the token amount thru NEFT to the seller. Since registry on hold, I am not keen to buy this flat since it will not give me legal owning rights I have asked the owner to return the Money but he refused. Now I want my money back and looking a legal way to get my hard earned money back Pls advise if I am legally secured Pls direct

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Hemant kumar

Responded 4 years ago

A.Hi,it is advisable to issue a legal demand notice for recovery of your investment..In case he fails to comply we can file a civil suit for recovery in court..

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Kishan Dutt Kalaskar

Responded 5 years ago

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A.Dear Sir,
You may approach Consumer Forum or RERA and get back your amount with interest.

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Anonymous

Replied 5 years ago

Dear Sir
Thanks for your revert. The case here is that the seller is an individual owner who has a registry of this ews flat on his name. Now he is refusing to give money back
What are my chances of getting this money back and how legally am I secured

Suneel Moudgil

Responded 5 years ago

A.BUYER BEWARE
you should have knowledge that EWS plots have some time limit boundations for not to be sold before a specific period, which is approximately 13 years.
now you are advised to file suit for recovery against the seller which is the only option.

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Rameshwar Dadhe

Responded 5 years ago

A.U can file money recovery suit against them immediately. Or file complaint against them to the rera authority

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Anonymous

Replied 5 years ago

Thank you so much for your response sir
Pls advise if my funds are secured and will be given back in case I opt for legal course
Can I also claim interest amount
What will be the time duration

Rameshwar Dadhe

Replied 5 years ago

Yes . U can claim with interest . U will get it in just before one year

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