I paid a booking amount of ₹1,25,000 for a flat. I haven’t signed any agreement yet, but I’d like to cancel the purchase. Will I get my booking amount back?

Apni Law
Apni Law
Law Forum › Category: Property › I paid a booking amount of ₹1,25,000 for a flat. I haven’t signed any agreement yet, but I’d like to cancel the purchase. Will I get my booking amount back?
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Apni Law Staff asked 1 year ago

I paid a booking amount of ₹1,25,000 for a flat. I haven’t signed any agreement yet, but I’d like to cancel the purchase. Will I get my booking amount back?

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Best Answer

Apni Law Staff answered 1 year ago

In India, without a signed agreement, you may be entitled to a refund of the booking amount. However, the builder may deduct certain expenses as per the terms of the booking form or any verbal agreement. It is crucial to consult with a lawyer to understand your specific rights and options.

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