i have unit in Victory ace expressway Sector 143 but due to severe financial ciris i want to surrender my flat .

Q: how can i surrender it. Its a clause in the booklet. They never reply to mails nor they fix appointments neither pick calls many times. What should i do

Sandeep, Apartment Resident

23rd June 2017

Legal in Victory Ace, Sector-143 B, Noida

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Replies (3)

hi what is your unit number and at what price you can be sale if you want to escape from 10% penalities

lalit bajaj,

24th July 2017

Comment

call me on my number 9990998858

Sandeep, Apartment Resident

9th November 2017

Hi friend!
The refund of money depends on the terms of the agreement. If the agreement provides for a forfeiture of 10% of the flat value the builder may apply this clause against you. So, let him apply first and get the rest of money and then file a suit in consumer forum.
The builder cannot travel outside the four walls of the agreement. If the agreement permits the builder to refuse to refund the balance amount until and unless he finds a new buyer then such clause is illegal.

akhilesh pal,

7th July 2017

Comment

Hi Sandeep,
You must have been given a receipt by builder for booking amount. That receipt must be mentioning terms and conditions. Send and email to builder that you want to cancel the booking and request builder to refund the paid amount. Builder will mention you that you will get that much after cancellation. Let them mention in writing. Accept the deduction under protest. After getting the rest of the amount, move to the consumer forum against builder for refund of balance amount with interest.

Saran, Noida

7th July 2017

Comment

Good evening Sandeep!
Check the new applied RERA Rules in your state. As per new RERA act homebuyers can exit the real estate project at any stage. At the same time builder is also bound by law to return the money collected from buyers within 45 days, after deducting the booking amount.

Kasturi, Noida

7th July 2017