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Cancellation Terms of Property
16-Oct-2023 (In Property Law)
I booked a property in Kolkata and also signed the agreement. But willing to cancel the property now due to some hassle created by the builder. I have paid approximately 3.2 lacs so far. In the agreement, it is mentioned in cancellation terms that10% of aggregate amount will be acquired by the dealer and the rest to be refunded. However, the builder is now saying they will retain 10% of the total flat cost as cancellation charge. Means I wont be getting any refund. I am confused whether aggregate is equivalent to total or only the amount we paid so far. Need some legal advice on this matter
I have perused the contents of your query and would advise you to issue a strongly worded legal notice to the concerned directors of the company and seek refund. For the same you may contact us. hhhjkkķk
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Adv. Anubhav Kathuria
Delhi | 500+ Answers
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You have not explained the hassle created by the builder. The reason for cancellation is the default made by the builder. The builder cannot take advantage of its own wrong. I am of the view if the default committed by the builder could be established, you may be entitled for full refund with interest.
The above views are subject to the examination of documents.
The above views are subject to the examination of documents.
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Adv. Saurabh Srivastava
Delhi | 25+ Answers
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