Booking Amount Refund From Builder

Forfeiture of booking amount by builder amounts to unfair and unreasonable practice.

Booking amount refund from builder. Builder refusing to accept cancellation and refund the booking amount. Despite my repeated request bptp could not allot flat according to my application for booking and now bptp is not refunding the amount i paid for the booking i e. File a complaint under section 29 of rera for recovery of the advance amount paid.

You can cancel the booking and he will be bound to refund you the booking amount after deducting 10 of the booking amount. Under rera if a builder is receiving more then a 10 of the sale price for the unit the builder shall register the sale agreement. Refund of booking amount under rera 2016.

Booking amount gc 1 noida. How much booking amount can the builder charge upfront. If the builder is fails to do so the builder will the penalised.

3 replies last reply. May i request you to please advise me what legal or other remedies i have to get refund of my money from the bptp. A home buyer may withdraw from a purchase agreement for varied reasons.

If he refuses to refund the amount as stated above you can file a complaint case against the builder alleging deficiency in service and unfair business practice claiming refund of the balance amount with interest damage and cost. The maharera authority eventually made an order where the clear directions have been given to the builder to refund the booking amount of rs. I paid this money by account transfer and received receipts containing rate area address etc the builder told me start the work by september but he has not started yet and also not giving any dates i told to.

2 replies last reply. 50 000 as a penalty to violate the section 3 of the rera act. 1 replies last reply.