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How to take refund from builder and cancle the deal


24-Jul-2023 (In Property Law)
I have paid a cheque of Rs10,00,000 to buy a flat. Due to certain unforeseen circumstances, I don't want to go ahead to buy the flat. How do I take the 10 lacs back from the flat owner?
Answers (2)

Answer #1
928 votes
Hey, Which years you have paid this amount? Did you make any default in instalments or instalments have not started yet? Its just a booking amount? For that agreement is to be check what are the terms and conditions of the refund in the agreement.
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Answer #2
945 votes
What was the cheque of Rs. 10,00,000 forwarded to the flat owner (builder?) as? what purpose? I would have to see any contracts or agreements signed between you and the owner (builder?) before I can give you any legal advice. Contact me,
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