Q

what is the cancellation policy ?

05 Apr 19 347
If we cancel the amount what is the cancellation policy
what is the cancellation policy ?

4 Answers

A

Ameer Khan

22 Apr 2020 04:33 PM

The cancellation part differs from builder to builder some will refund the whole amount after they pay the booking amount. Normally builders take the booking amount of 1 lakh some builders will even deduct half  from the booking amount 50% ,if luxurious project it may be more. And if some customers paid  10% definetly the cancellation charges

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A

Vikas Bhalla

20 Apr 2020 06:09 PM

Cancellation policies generally are guided by the govt. norms or by the developer. it also differs from builder to builder.

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A

Srikrishna Rahmaniac

18 Apr 2020 05:12 PM

The 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.

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A

Rakesh

18 Apr 2020 03:05 PM

The cancellation part differs from builder to builder some will refund the whole amount after they pay the booking amount. Normally builders take the booking amount of 1 lakh some builders will even deduct half  from the booking amount 50% ,if luxurious project it may be more. And if some customers paid  10% definetly the cancellation charges will be there for example if they paid 10L builders will deduct around 2L to 4L 

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