LawRato

Procedure to cancel apartment booking with builder


06-Apr-2023 (In Property Law)
I booked an apartment in Godrej 101, Gurgaon two year ago. I have signed the apartment buyer’s agreement and already paid 80% cost of property. I now wish to cancel the booking. Godrej have provided the cancellation quote in which they are charging penalty of 20% cost of property + GTS of 20% cost of property + all taxes paid till date. I have read the apartment buyers agreement in detail and cannot find any clause related to “cancellation of booking by buyer”. The only clause mentioned is in the event of default of payment by the buyer, the builder will terminate the agreement and charge 20% cost of property. My question is – as no clause of “cancellation of booking by buyer” is mentioned, Godrej should not charge any cancellation fee (except taxes) or can Godrej charge 20% cost of property? I have not defaulted on any payments till date.
Answers (1)

Answer #1
893 votes
This is wrong. Please inform whether the project is registered
with RERA or not. The next course of action will depend upon the status of the project. Accurate opinion is only possible after looking into all facts of the case.
Helpful? LawRato LawRato

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.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."