Why do you delay refunds

Q: I have cancelled my booking with project but I am not getting my refund after 2 % deduction.

Nita Menezes,

25th October 2016

Legal in Bhoomi Acropolis, Virar West, Mumbai

e-home builder harrassment

cancellation of booking of flat

booking cancellation and refund of payment

delay in booking refund

how to get refund of cancelled flat?

Follow Discussion

Also see discussions for

Mumbai Virar West Bhoomi Acropolis Legal Legal in Mumbai Legal in Virar West Legal in Bhoomi Acropolis

Replies (5)

You are responsible for the timely receipt of your refund. If you do not receive your refund within 30 days of purchase, you can be held liable for the full amount of the purchase price. In addition, you may also be subject to a late fee.
If you are not able to provide proof of purchase (such as a receipt), you may be responsible for the full amount of the purchase price. If you are unable to provide a valid shipping address, you may be responsible for the full amount of the purchase price. Additionally, if you are unable to provide a valid credit card number, you may be responsible for the full amount of the purchase price. If you are unable to provide a valid reason for your refund, your refund may be denied.

sakshi gupta,

25th May 2022

Comment

Hi,
It is better if you engage a lawyer in this situation, he/she can guide you properly and that notice also shall have a better effect. May be builder doesn't like to trap in any court cases so, there is a chance to get your money refund.

Kaushik Bardia,

26th October 2016

Comment

Hi,
Issue notice to refund the booking within the given time, if builder didn't turn up then file a suit for recovery of money. You will have to pay the court fee on the claimed amount. But at the same time you can ask for the interest on your booking amount too and also, compensation for the trouble you have sustained because of money being held up.

Anil Singh, Noida

26th October 2016

Comment

Hello Nita,
There is another way out. You can get a buyer and ask the property to be registered in that buyer’s name and you can get the money paid by you to the builder. This is also a better option and you can get back your money without filing any case and involving any lawyer.

Ankita, Ghaziabad

26th October 2016

Comment

Hi Nita,
Ankita's option is not bad and you have to search a buyer for your property. Secondly, is your agreement with the builder registered one ? If it is registered document, then the said clause is binding on you.
In case the said agreement is not registered document, then the builder cannot forfeit the said amount. The course of action is first give a legal notice and in case the builder donot comply file a summary suit. You are bound to get back your money.

Naveen, Gurgaon

26th October 2016

Hi Nita,
Did you sign the agreement? What is the clause indicating. Mostly, all the clause are in favor of builders and very few for the benefit of buyers/consumers. So, first check your agreement if it is in your favor then send a mail to the builder asking for refund of money. If you are not getting any response then hire a good legal expert to proceed further.

Rakshit, Mumbai

26th October 2016

Comment

I am agree with Rakshit.
Your booking of the flat is outcome of a contract, with the builder. So, both of you are bound by the terms of contract. You cannot go against the contract and having paid the money, you cannot hope that the builder will return it as the contract is in his favor. Further, the contract is signed and you have made payment in acceptance of the contract. Hence, repudiation is difficult. But still i can advice you to visit the builders office and and ask for the delay refund.

Ashish Bhoite, Mumbai

26th October 2016