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Cancellation of Flat under construction after paying the token amt
19-May-2023 (In Consumer Court Law)
Last week I booked a flat with a Reputed Builder by paying a token booking amount of 1.5 lacs. The Apartment is under construction and will be delivered in 2 + years. This was booked under the scheme of 10:90 where in 10% I had to give now and 90% at Possession. The Flat value is 1 Cr so as a initial booking I gave 1.5 lacs and told the developer that I will balance 8.5 lacs shortly. However there has been urgent need in family and I want to cancel my booking. Developer is asking for 1% of the Flat value (1cr) as a cancellation charge. Please advise if I have any recourse to get back my 1.5 lacs. Thanks
Hello,
Please visit my office with the booking papers and documents. it depends on the terms and conditions of the builder or developer. Have they mentioned any where regarding cancellation of booking and deduction. Please feel free to contact me.
Please visit my office with the booking papers and documents. it depends on the terms and conditions of the builder or developer. Have they mentioned any where regarding cancellation of booking and deduction. Please feel free to contact me.
Helpful?
16+
16+
Did you sign any booking related document /agreement which mentions regarding cancellation and fees to be charged? Any money charged beyond the terms agreed to can be disputed, you can send a legal notice to the builder and claim refund of the booking amount.
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Adv. Ayantika Mondal
Bangalore | 400+ Answers
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It is depending upon terms and conditions of an agreement/contract between you and builder. First disclose the details of contract and get suitable remedy for your grievances as per our legal opinion.
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Adv. V Sripad
Raichur | 25+ Answers
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You might have in all probability issued a cheque for the amount or paid through account transfer. But you have not informed whether you have signed any agreement with the builder developer containing a term to the effect that such a penalty would be imposed on cancellation of booking ? if you have knowingly signed it, then you do not have a good case to recover it.
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Adv. S.K Prabhakar Shetty
Bangalore | 500+ Answers
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The amount could be recovered from developer. However consumer proceedings may not come in handy with regard to expeditious disposal. Irrespective of the fact we wish to see the documents executed between you and developer for appropriety remedy.
Helpful?
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Adv. Kumar Ram CM
Bangalore | 25+ Answers
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Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
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