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Non-Refund of Booking amount by the builder
17-Aug-2023 (In Property Law)
Hello,
I have made a token booking amount of Rs 1,00,000/- to a reputed builder with a promise from the builder that incase of any discrepancies in any of the documents it will be fully refunded. After verification there were discrepancies in price breakup as well as the land is next to graveyard which was not disclosed. There are several other discrepancies which i have pointed out and requested for refund.
The builder is stating that during the time of booking I have signed a booking document(which is not a registered agreement) which had a clause that the booking amount will not be returned.
Can i get back my booking amount since the document i signed is not registered document.
well ,you I have stated that you have not registered the document. You have not stated what is the document, is it is an agreement or just there is a receipt ? whatever it is, in case you have made payment either through cheque or account transfer or have a valid receipt from the builder for having received 1 lakh amount, I will get the refund. for you
Helpful?
Adv. S.K Prabhakar Shetty
Bangalore / Bengaluru | 1000+ Answers
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A homebuyer may withdraw from a purchase agreement for varied reasons. The RERA Act permits the homebuyer, otherwise known as an allottee, to withdraw from the real estate agreement, whether or not the developer is at default. In such scenario, the developer is obliged to refund the amount paid by the allottee within a period of 90 days of the withdrawal.
Helpful?
Adv. Ayantika Mondal
Bangalore / Bengaluru | 5+ Answers
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