Real Estate Forum on Refund Of Booking Amount From Builder

Refund of booking amount because of withdrawal of subvention scheme by NHB?

Q: I had booked a flat under subvention scheme RERA P51700009055. However due to recent update by NHB, subvention scheme is no longer applicable and I can not buy flat without the scheme. Please suggest if builder is bound to return full booking amount along with GST upon cancellation of the flat

swapnil aswale

25th August 2019

Buying property in Ghodbunder Road, Thane

subvention schemes

refund of booking amount from builder

Latest Answer: Hi Swapnil, Builder is bound to refund the booking amount. If he is paying then ok and if he is trying to ignore and misleading you then Email from builder will play vital role. If builder fail to refund pre EMIs monthly as agreed by him in Email. Then you can cancel the booking and seek refund. Yes email are legally admissible as evidence in court.

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Is there any ZODIAC Group for R Tower? Pl contact

Q: Zodiac property in R tower has been delayed . I want to surrender my flat please advise the procedure. Can we form a group and initiate legal proceeding to get our money back?

Saroj Pandey , Apartment Resident

13th March 2017

Legal in Sector-120, Noida

how to cancel booking

cancellation of booking of flat

real estate in noida

refund of booking amount from builder

Latest Answer: Hi, You must have been given a receipt of the booking amount by your builder. The receipt must be mentioning terms and conditions. Send an email to builder that you want to cancel the booking and request builder to refund your booking amount. Let your builder mention in writing that 5% or 10% of paid amount would be cancellation amount. Accept the deduction under protest and then move consumer forum against builder for refund of balance amount with interest.

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Waiting my Payment

Q: I have cancelled my flat before 1.6 years ago but still i am waiting my refund.

shri chand

5th January 2017

Legal in Morpheus Pratiksha, Sector-1, Greater Noida

booking cancellation

cancellation of booking of flat

refund of booking amount from builder

refund of money from builder

Latest Answer: Do see the youtube Magic Brick on this topic Builder is liable to refund the Bank and not Buyer under Subvention Scheme.

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Greater Noida Sector-1 Morpheus Pratiksha Legal Legal in Greater Noida Legal in Sector-1 Legal in Morpheus Pratiksha

Ajnara India — Ajnara sports city villas booked, No Launch Of Villas, Nether refunding Money.

Q: ======
ALERT
======
I deposited the pre-launch booking amount of Rs. 7 Lacs.
This was my first investment as NRI in India, I had made and I feel cheated as no receipt and allotment was issued to me.
I was told during collection of cheques that allotment will be given in Jan2015 . Once my money reached into the Ajnara’s account after that their worry was finished and it was my turn to start worrying so what I am doing yet. Having several calls with Ajnara people and Ajnara servicedesk even on mail(even putting Mr. Harish Gupta/ Tanzeel Ansari/Renu/ Mr. Anand in CC does not helped) also nobody was telling me the date even month of launch even.
===================
Now i asked for Refund
====================
As the project Not launched after years, I asked for Refund.
From an year now i am struggling for refund.
When i delivered my refund document they said refund will be processed in 3 to 6 months (Here you have to notice that, Ajnara is not able to launch project and even they are not refunding money, not my fault).
They asked me to sign a affidavit which says i will not ask for any interest and compensation and i am taking refund due to personal reasons. I also gave them thinking that let the process make easy.
Now, days-months-years passed, First Ajnara team do not responds, if they they respond, from 6 months i am only getting following template.
============================================================
Dear Sir

Greetings from Ajnara!!!

With reference to your below mail, we would like to inform you that your refund request is in process and will inform you once your cheque is ready .

In case of any other query please contact us or write us back . Assuring you our best services always.

Thanks & Regards,
Tanzeel
Asst. Manager - CRM
Ajnara India Ltd.
D-247/26, Sector -63,
Noida, Pin code- 201301
============================================================

Ashish Mishra , Apartment Resident

10th December 2016

Builder Review in Ajnara Sports City, Noida Extension, Greater Noida

unfair trade practice

refund of booking amount from builder

refund of money from builder

ajnara group

ajnara sports city greater noida

Latest Answer: Hi Ashish!! If you have valid receipt then you can claim,failing which you can send a Legal Notice that you do not want to purchase the flat and claim you money refund. Thereafter if the Promoter/Builder would not comply then file a case in District Consumer Forum for deficiency of service and unfair trade practice.

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Greater Noida Noida Extension Ajnara Sports City Builder Review Builder Review in Greater Noida Builder Review in Noida Extension Builder Review in Ajnara Sports City

Looking for refund from Builder

Q: We booked a flat in Kolkata that is due to be handed in early/mid 2018. However, the location feels far to us now & we want to go back on the deal. The contract says the breach would amount to some Rs.50,000 penalty.

We have paid 7lacs till now & ready to bear the 50k penalty.

My question is, will this be a smooth process or is there a chance for the builder company to cheat us or extort more than 50k? Just looking for any experience/advice on the matter before I approach the builder company regarding this. Any helpful response is appreciated.

Arijit Mallick

27th August 2016

Legal in Kolkata

builder & buyer pact

cancellation of booking of flat

refund of booking amount from builder

builder & buyer agreement

Latest Answer: can you reply back at birlok@gmail.com to discuss further. we can form a group and discuss. Thanks

Real Estate Forum on Refund Of Booking Amount From Builder

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Real Estate Forum on Refund Of Booking Amount From Builder

Real Estate Property Discussion Forum and Guide to Real Estate Queries

Looking to buy/rent a place? Let us help.

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Looking to buy/rent a place?
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