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Refund of initial booking amount
15-Apr-2023 (In Property Law)
I had booked two units ready to move. I had paid initial amounts plus registration fees. Haven't registered yet or completed housing loan formalities. Meanwhile, I have lost my job. Hence, cannot buy either of units. Reputed builder has declined to refund full or partial. Amount is approx 3 lacs. Is there way to seek refund per law? Please advise.
This is my response to you:
1. This will depend on your refund policy on the prospectus;
2. You may send a legal notice;
3. Or you can approach RERA if required to do so;
4. Consult a local lawyer and take steps.
1. This will depend on your refund policy on the prospectus;
2. You may send a legal notice;
3. Or you can approach RERA if required to do so;
4. Consult a local lawyer and take steps.
Helpful?
Adv. Gowaal Padavi
Mumbai | 500+ Answers
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