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Need some assistant for cancelling agreement for sale


18-Aug-2023 (In Property Law)
I booked a flat, provided cheque , it is written it is shali land instead of vastu. However I didn't know about this so signed it. I got to know about these things only after when sbi didn't want to give me home loan since it is shali land. I already informed builder that I need to cancel this agreement due to some financial crisis. He was not at all happy with the decision but however after some discussions he said he will return me the cheques and will cancel the agreement. How I will know this agreement is cancelled, will there be any cancel agreement on a new stamp paper done? Also when I issued cheque I didn't have much fund and it was already communicated to the builder, he said he will present the cheque only when I let him know. It is mentioned in the agreement that builder will provide any documents requested by me but he hasn't done so when asking for mutation and land conversation from shali to vastu.
Answers (2)

Answer #1
869 votes
serve a legal notice upon the builder for the cancellation of the sale as you're misinformed about the nature of the land and refusal of SBI for home loan as it is not a vastu land. Ask the builder to refund all cheques issued in his favour for the said land. Note: on sali land mutation is not possible unless you've obtained conversation certificate from BLLRO.
Answer #2
778 votes
As per the query in lawrato yes you can cancelled the agreement and asked for refund of the money and the developer is bound to refund the money to you and if you want you can ask for compensation also from the developer.

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