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Refund For Flat Booking Amount


23-Apr-2024 (In RERA Law)
I paid booking amount of around 5 lacs for an under construction flat in Gurgaon. Total price of flat is around 4 crores. Only allotment letter given by builder. BBA not signed yet. I want to cancel the booking. Will I easily get the booking amount I paid? What does RERA say about this.?
Answers (4)

Answer #1
514 votes
Booking amount can be forfeited if the same is mentioned in the agreement signed between you and the builder. RERA cannot override the effect of your liabilities mentioned as per law in the agreement which is enforceable in law. However agreement needs to be perused for any better advice. Feel free to contact

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Answer #2
503 votes
RERA empowers the homebuyer to cancel an allotment of the apartment booked with a builder at any stage even if there is no default on the part of the developer. It binds the builder to return the money collected from the buyers within 45 days of such cancellation after deducting the booking amount. and if you want to consult with me you can contact me.
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Answer #3
674 votes
Yes, in such scenario we can prefer to send the, a legal notice seeking refund of the amount paid and in case the builder fails to respond then we can file a complaint before RERA seeking refund of the amount along with interest
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Answer #4
918 votes
I wish to clarify that as an allottee you have an unconditional and unwavering right to withdraw from the project anytime. I have an extensive experience in defending and advocating for such cases before the Authority, consistently securing favourable ruling in favour of the allottee.
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