Builder refused to refundbooking amount
09-Oct-2023 (In RERA Law)
Hello sir/madam,...we have paid 9% booking amount to builder in Jan-2019. So far no sales agreement is done neither registration. Now our financial condition is very bad and unstable. We had requested builder to refund booking amount but builder refused to pay saying booking amount will be forfeited against cancellation. Pls suggest..
Dear Querist,
Please check the allotment letter whether it mentions any possession date, if that date is passed you are entitle to withdraw from the project with interest on delayed possession, but if not then you will have to exit as per the terms of allotment letter.
Regards,
Rakesh V. Misar
Kachwala Misar & Co.
Advocates & Solicitors
Mumbai.
Please check the allotment letter whether it mentions any possession date, if that date is passed you are entitle to withdraw from the project with interest on delayed possession, but if not then you will have to exit as per the terms of allotment letter.
Regards,
Rakesh V. Misar
Kachwala Misar & Co.
Advocates & Solicitors
Mumbai.
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