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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.

My replies to this discussion
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 9833435416Hi,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
My comments to replies
HI, There is no hard and fast rule regarding the same and depend on mutual understanding between the buyer and the seller. It can be varied from 2-5%. The above figs are indicative and based on my experience. 1) Token Money:- Rs 50000 – Rs 100,000 or 2% of Property value, Whichever is lower 2) MOU: Upto Rs 200000 or 2% of Property Value, Whichever is lower 3) Notarized Agreement: Upto Rs 300000 or 4% of Property Value, Whichever is lower 4) Sale Agreement: Upto Rs 1000000 or 10% of Property Value, Whichever is lower Read all the terms and condition of MOU carefully before signing it. if it is mentioned in MOU, that you are unable to pay the the agreed amount within given date then seller or builder will keep your token amount.
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
16th January 2018

I am agree with you Ashish.... At the same time, buyers also need to check if the house has a clear title, approved plan, there are no existing loans on it, and the owner can arrange all the required no-objection certificates (NOCs). Buyer should, therefore, give the seller a timeline to produce these documents. The agreement should say that failing any of these, the buyer will cancel the deal and should be refunded the earnest money within a time frame. And, in case of a delay reasonable interest will be levied.
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
16th January 2018
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
16th January 2018

Q: Looking for 2 or 3 bedroom apartment 930 square feet carpet area
My replies to this discussion
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 9833435416Hi,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
My comments to replies
Hi Ashish, Yes, there are few inventories available for resale in Kanakia Zen World, Kanjurmarg East, Mumbai. 2BHK are available in 1084,1135,1140 and 3 BHK in 1370, 1379,1574. Are you looking for 2 or 3 BHK? What is your budget? Leave your Contact number for the best deal.....
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
16th January 2018

Hello Ashish, Are you looking for under construction project or ready-to-move? If you are going for an under construction project, must check the MAHARERA Registration number and all the required approval from the local body. Here is the list of 2 and 3 BHK flats available for resale in Kanakia Zen World. To get more details of this project, click this link Kanakia Zen World, Kanjurmarg East, Mumbai Or, To get the best deal on it, You can call on this toll-free number (1800-833-1801) Or You can list your requirement Post your Requirements to get matching properties details on your Email and Mobile.
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
16th January 2018

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