Rera refund rule Rera refund rule

4 years ago

Per MahaRera,if token, gov stamp duty and reg charges are paid to builder but agreement is not signed yet since loan is not approvged then in such case, if this flat booked goes for cancellation then will there be any penalty that builder can deduct against refund. Cancellation is due to false communication of carpet area.Also, there might be a paper that I have signed against token that says token money is non refundable or 10% deduction per agreement value, such paper without agreement matter?

Subramanian Venkates Jayakumar

Responded 4 years ago

A.1. Without agreement how did you made payment.
2. Before loan approval how did you paid token amount.
3. When did you found false commitment on carpet area.
4. Based on you incomplete questions I came to understand that you have only receipt for token amount.
5. Refund of token amount is subject to terms and conditions of your builder. If you have proper legal documents you can initiate legal proceedings to recover your money.
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Deepak Panjwani

Responded 4 years ago

A.Hello,
U need to show the evidence to substantiate the facts mentioned in the query made by u. As u have mentioned that no agreement has been executed between you and the builder, you must be having some or the other document mentioning the terms as narrated by you. Any advice can be given to you only after perusal of the said documents. Kindly upload them and it is only after that that proper advice may be given.

Thanks and regards.
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Kishan Dutt Kalaskar

Responded 4 years ago

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A.Dear Sir,
You have under go the process by filing a complaint before RERA and then you will get result.
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