100% Refund of booking amount

I have booked a 1 BHK flat with Xrbia Neral, but due to various lapses on part of builder (I have all the documentary evidences), I cancelled my booking before registration and i ; want 100% refund of booking amount. But, builder is saying 10% amoun... Read More

I have booked a 1 BHK flat with Xrbia Neral, but due to various lapses on part of builder (I have all the documentary evidences), I cancelled my booking before registration and i ; want 100% refund of booking amount. But, builder is saying 10% amount will be deducted anyhow My questions are that as per RERA are the following: 1) Do I have a right to claim a 100% refund of booking amount if various lapses observed from part of the builder (I have all the documentary evidence) Please Advise and refer a Lawyer.
Read Less

Answer (1)

Team Legistify

Team Legistify

  • Sector-1, Noida

RERA has taken steps to not only make the promoter accountable but also make them pay compensation and penalty in cases of default of any provision of the rules. The enforcement of these could still be a question unanswered and will depend on the state Regulatory Authority to get them implemented. In case the builder defaults and delays the possession of the property as per the 'agreement of sale', the buyer has the right to claim the refund of the amount paid along with interest. Even in the case, the promoter's registration is cancelled, the buyer will have the right to a refund. In the present case you are eligible to claim the entire booking amount paid by you along with the Interest from the builder and in case the builder is not cooperating, you can file a complaint to the adjudicating officer in the state under RERA. 

 

 

Answered on 28 Sep 2018


Was this answer helpful?

Didn't find the answer you are looking for?

Talk to experienced lawyer online and get your answered in minutes.

Advocate Nishant MehrotraAdvocate Maneesh AroraAdvocate Poornima MAdvocate Sudershani Ray+50