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Real Estate Forum on Buying Under Construction Property

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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)
Latest Answer: Thanks Shreya and Jerome for valuable suggestions.
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Q: When one buys property from an investor in an under construction project, he/she is entering into a multi party transaction.
Latest Answer: Hi Dwarkesh, Is there any long-pending dues which might attract penalties during possession?
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