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Mumbai Residential Real Estate - Sale / Purchase Transactions
Q: How much is a reasonable token amount when closing a deal as per standard / conventional market practice.

In the unfortunate event, if the deal breaks, is the token amount returnable & if there is a deduction allowed / acceptable as per standard / conventional market practice.

booking cancellation
booking cancellation and refund of payment
token amount
mou
booking amount
Latest Answer: Hi,I have an open plot of 8775 sq.ft area owned by me to sell at Chincholi Bunder Road Malad West, if anyone is interested please contact me on 9833435416
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Mumbai Property Selling Property Selling in Mumbai
Waiting my Payment
Q: I have cancelled my flat before 1.6 years ago but still i am waiting my refund.

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
Should i buy resale in under construction property?
Q: Hi,
I have just given a token amount to builder for a 1 BHK under construction property(possession Dec' 17) and later that evening i came to know about a resale flat in same building but at a lower rate(difference of 5 lacs all incl.) but at a lower floor.
So guys need your help in what should i do and what will be the procedure considering below points?
1. I was told that token amount will be refunded if there are any genuine reasons(but it was verbal)
2. Seller is also having a running home loan and i will also go for home loan(with same or different bank).
3. I gave token amount for 19 floor and resale flat is at 11 floor and difference in amount(from builder - resale) is 5 lacs(63L from builder and 58L from resale)

booking cancellation
buying under construction property
how to cancel my flat booking?
Latest Answer: Thanks Shreya and Jerome for valuable suggestions.
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Mumbai Buying property Buying property in Mumbai
When will I get my money back?
Q: Booked a plot in Wadaki..They started asking for black money to register the plot..upon refusal they cancelled our plot..They issued post dated checks which got bounced. Filled a case under negotiable instruments act under Pune Cantonment court with case code as: 203406025112014

booking cancellation
hadapsar real estate
nine jewels paradise phase 1
nine jewels paradise
Latest Answer: Check what your booking forms say. Usually builders protect themselves against these kind of unexpected bookings and keep either the whole or a good chunk of the booking amount.
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Pune Legal Legal in Pune
Hi, If you have booked a flat and the agreement has not yet been signed and you want to cancel the booking, what is the
Q: Hi, If you have booked a flat and the agreement has not yet been signed and you want to cancel the booking, what is the option? we booked a flat in 2013 August and the builder has promised delivery in Dec 2017 yet neither they have got approvals as yet nor the agreement has been signed. What is the remedy in such situations?

booking cancellation
builder review
nirmal us open
how to cancel booking
nirmal lifestyle
Latest Answer: Did they make any commitment regarding return of booking amount. Some builders do tell you that they will refund the money immediately or will not deposit the cheque till you confirm to them within some short period. Try and keep correspondence in writing about refund of booking.
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Mumbai Legal Legal in Mumbai
Booking Cancellation.
Q: What will happen once we cancel any booking for any property?

properties in india
booking cancellation
Latest Answer: Ganesh this incident happened recently. A customer booked a flat from Unitech at Rs.3200 per sqft and later it was increased to Rs.3350 per sqft. Then the customer cancelled the booking but Unitech refused to refund the booking amount. The customer approached consumer court and the court ordered Unitech to refund the booking amount along with some extra amount for the mental agony and loss occurred.
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